INVESCO PERPETUAL TACTICAL BOND - Manager
Bestinvest rating
Average monthly relative returns
|
Bestinvest MRI
|
|
07/08
|
08/09
|
09/10
|
10/11
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11/12
|
|
3 years
|
5 years
|
Career
|
3 years
|
5 years
|
Career
|
|
–
|
–
|
–
|
0.00%
|
-0.48%
|
|
–
|
–
|
-0.05%
|
0.0%
|
0.0%
|
0.0%
|
|
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
|
Paul Causer / Paul Read
 "Photo of Paul Causer / Paul Read")
•Causer is an Economics graduate from the LSE who began his career in 1983 in research and credit analysis with Asahi Bank. He moved on to their Treasury department trading securities and derivatives and then managed multi-currency portfolios from 1990. He joined Perpetual in 1994 and is now co-head of fixed interest.
•Read graduated from the University of Toronto with an Economics & History degree and gained an MBA from INSEAD. He began his career with UBS in 1985, moving to Merrill Lynch in 1986 where he was a director of fixed income trading in Tokyo from 1991 and in Paris from 1993. He joined Perpetual in 1995 and is now co-head of fixed interest.
Track record
The track record of Paul Causer / Paul Read in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
Other funds managed
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Start Date |
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Jun 2001
|
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Feb 1995
|
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Jul 1995
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ST JAMES PLACE CORPORATE BOND
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Apr 2008
|
INVESCO LEVERAGED HIGH YIELD
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May 2001
|
CITY MERCHANTS HIGH YIELD IT
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Nov 2005
|
INVESCO PERPETUAL SELECT IT MANAGED LIQUIDITY
|
Nov 2006
|
INVESCO EURO CORPORATE BOND A MD
|
May 2006
|
|
Feb 2010
|
ST JAMES PLACE INVESTMENT GRADE CORPORATE BOND
|
Apr 2009
|
|
Jan 2012
|
| Periods of worst performance |
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Absolute
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-13%
(May 2011 - September 2011)
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|
Relative
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-17%
(February 2011 - November 2011)
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Sector record since
February 2010 (2 yrs)
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach