Bestinvest says
The fund's manager, Martin Walker, along with his colleagues on the UK desk are of the opinion that UK economic growth will continue to be slow for the foreseeable future. Therefore he currently favours blue-chip, dividend paying, defensive companies with strong balance sheets, which can survive this difficult environment. Whilst this view has started to pay off more recently, the UK All Companies sector is very competitive and we have more confidence in our recommended funds within this sector. However, investors sharing the manager's view, may wish to consider Invesco Perpetual Income, which we rate four stars and is managed by the highly experienced Neil Woodford.
Whilst primarily investing in UK equities, investments may occasionally be made in the securities of companies with significant sources of profit from, or close economic links with, the UK. As is the case for all funds under the remit of Invesco Perpetual's UK desk, investment decisions do take into account the the global context and its affect on financial markets, regions and industries. However, the majority of analysis is at the stock level, whereby a fundamental assessment, notably that of company management, is key to the process. Additionally the approach will try to identify reasons for stock under valuation, such as underestimated growth potential, management changes, or out of favour sectors.