By ADRIAN LOWCOCK 15/04/2010
Each month, we ask our Research Analysts to identify one asset class that they believe is likely to outperform, is highly topical or is an asset class that we believe has been overlooked by investors. Our Analysts then make their pick of our Manager of the Month, from our top-rated funds within this sector.
This month, the focus is on strategic bonds. In the first quarter of 2010, we have seen this sector rise in popularity. Part of the reason for this, is the strong performance of corporate bond funds, which has meant that the ability for corporate bond fund to deliver going forward is much harder. Therefore, we prefer strategic bond managers who are more flexible and can take advantage of opportunities wherever they appear. In view of the uncertain economic backdrop, we believe that this type of mandate is better placed to capture returns.
Our Manager of the Month for April are both Paul Causer and Paul Read. Together they manage the Invesco Perpetual Tactical Bond fund which was launched earlier this year.