Invesco Perpetual bond fund stars Paul Read and Paul Causer say there have had no problems investing the huge inflows into their funds over the past year as there are plenty of attractive opportunities available.
The pair's £3.89bn Invesco Perpetual Corporate Bond is one of the current top selling funds with advisers, growing in size from £2.4bn on 23 June 2008. This is despite the portfolio falling 6.9% over the year to 11 May, according to Morningstar, although the fund is top quartile over three and five years. Commenting on the fund's inflows, co-head of fixed interest Read told investors: "The fund is growing; we have quite a lot of money coming in. It comes with big responsibility obviously. "We are able to put the money to work. I do not feel we are being forced to buy something we do not ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
