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Invesco Perpetual Global Financial Capital - Fund launched

By ROBERT HARLEY 20/02/2012

Invesco Perpetual Global Financial Capital - Fund launched by Robert Harley

Invesco Perpetual has launched the Global Financial Capital fund with co-heads of fixed income Paul Causer and Paul Read alongside CIO Nick Mustoe at the helm.

The fund will seek to deliver attractive total returns over the medium to long term by investing globally in capital securities and equities of banks and other financial institutions, as well as cash and cash equivalents.

At launch the fund will be predominantly a fixed income vehicle, as this is where the team sees the most value. The equity portion of the fund will be around 0-5% at launch, but has the potential to rise to 40% of the portfolio. There is no initial charge, the minimum investment on the fund is £500.

Causer and Reed’s Tactical Bond Fund is known in the market place for its larger allocation to subordinated financials. The Global Financial Capital fund takes this view a step further by offering a dedicated fund to express this view. Interestingly other asset managers have expressed an interest in doing something similar, but so far have failed to take the concept further. Apart from CCC rated debt this is probably the most volatile part of the fixed income market.

The fund is fairly opportunistic consequently it might have a short shelf life. Whilst we have not rated this fund it might appeal to some investors.

Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing. We aim to provide investors with information to help them make their own investment decisions although this should not be construed as advice or an investment recommendation. If you are unsure about the suitability of an investment or if you need advice on your specific requirements, we strongly suggest that you consider professional financial advice.

 
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