Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Fund of the Week: Invesco Perpetual High Income

We are coming to the end of 2012 and despite all of the economic clouds, it has been a reasonable year for the majority of investments. However, those clouds persist: uncertainty surrounds Europe's fate; the US could fall off the fiscal cliff; and China is slowing for the first time in a generation.

So, as things stand in the world, there should always be room for a defensively minded investment in your pension. Step in Neil Woodford, manager of the Invesco Perpetual High Income fund. Woodford is still extremely wary of global economic strength since the financial crisis took hold in 2008.

His long-term performance is excellent but his strategy of taking big bets in unloved sectors suffers over the short to medium term. His current conviction is in the health care sector where he has close to 35% of the £12 billion fund. In recent months he has added several companies operating in the sector: Smith & NephewSanofi and Elan.

Health care has underperformed for a long time and should it turn around Woodford will once again reinforce his excellent reputation.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Neil Woodford
Neil Woodford
27/88 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 29.52%
Citywire TV
Play Video special: what Scottish DFMs think of SNP election flop

Video special: what Scottish DFMs think of SNP election flop

As delegates gathered for Citywire Scotland, we asked them their take on the election.

Play Keith Skeoch: 'passive has a part to play'

Keith Skeoch: 'passive has a part to play'

In the third part our series, Skeoch outlines his vision for Standard Aberdeen.

2 Comments Play Keith Skeoch: why I believe markets will make 'substantial returns'

Keith Skeoch: why I believe markets will make 'substantial returns'

In an exclusive interview, Standard Life CEO Keith Skeoch tells us why he takes an optimistic view on markets just about everywhere.

Read More
Your Business: Cover Star Club

Profile: Rathbones' fund boss on spotting emerging talent

1 Comment Profile: Rathbones' fund boss on spotting emerging talent

A great fund manager is really easy to spot, says Mike Webb, chief executive of Rathbones Unit Trust Management

Wealth Manager on Twitter