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Invesco Perpetual Fixed Interest
Team developments

24 Team members
£30bn Assets under management
28 Fixed interest products*

This page should be read in conjunction with the investment risks below.

 

Over the years, bonds have performed a valuable role in many investor portfolios as a source of income and diversification. Today, investors have access to thousands of bonds from across the globe, each with their own specific reward and risk profile.

And with a continually evolving bond universe, it's important to know that the investment team managing the funds your clients invest in have deep industry knowledge and experience to draw upon.

Today the Invesco Perpetual Fixed Interest team have announced new investment responsibilities for current members Julien Eberhardt and Thomas Moore.  Julien will become co-manager of the Invesco Perpetual Global Financial Capital Fund and the Invesco Euro Corporate Bond Fund, and Thomas co-manager of the Invesco Perpetual High Yield Fund. In addition, the Invesco Perpetual Corporate Bond Fund will be co-managed by Paul Causer and Michael Matthews going forward. These manager changes are effective 31 December 2016.

Longevity, experience, breadth of expertise

Julien joined Invesco Perpetual in 2008 as a high yield analyst before assuming coverage for the financials sector in 2012 and being promoted to deputy fund manager of the Invesco Perpetual Global Financial Capital Fund in 2014. A graduate of the University of Montpellier and a CFA charterholder, he has over
a decade of experience, beginning his investment career at Moody’s as an
analyst specialising in high yield and investment grade corporate issuers in the EMEA region. 

Thomas has over 17 years’ experience working in fixed interest markets and joined the Invesco Perpetual Fixed Interest team earlier this year from Morgan Stanley & Co where he led its team of 12 European credit analysts. Thomas is a graduate of Harvard and Oxford universities, holds an MBA from Columbia Business School and is a CFA charterholder.

Michael joined Invesco Perpetual in 1995 and has a 10-year track record in sterling investment grade funds. He is sole manager of the Invesco Sterling Bond Fund – a fund he has successfully managed since 2008.

Julien Eberhardt

Thomas Moore

Michael Matthews

“These developments really highlight the strength and depth of talent within Invesco Perpetual's Fixed Interest team. Julien, Thomas and Michael are talented investors committed to delivering superior investment returns for our clients - something that is at the heart of our investment philosophy.”

Paul Causer, Co-Head of Fixed Interest

Invesco Perpetual Fixed Interest fund manager changes

These manager changes are effective 31 December 2016.

Fund Name Current Fund Managers Future Fund Managers
Invesco Perpetual
Corporate Bond Fund
Paul Causer
Paul Read
Michael Matthews
Paul Causer
Michael Matthews
Invesco Perpetual
Global Financial Capital Fund
Paul Causer
Paul Read
Julien Eberhardt
Paul Causer
Julien Eberhardt
Invesco Perpetual
High Yield Fund
Paul Causer
Paul Read
Asad Bhatti
Paul Causer
Thomas Moore
Invesco
Euro Corporate Bond Fund
Paul Causer
Paul Read
Paul Read
Julien Eberhardt

Paul Causer and Paul Read also remain fund managers on the Invesco Perpetual Distribution, Invesco Perpetual Monthly Income Plus and Invesco Perpetual Tactical Bond Funds.

To find out more about Invesco Perpetual’s fixed interest investment philosophy, product range and team, visit the Invesco Perpetual Fixed Interest microsite

*Source: Invesco Perpetual as at 30.09.16

Investment Risks

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

The securities that the Invesco Perpetual Corporate Bond, Distribution, Global Financial Capital, High Yield, Monthly Income Plus and Tactical Bond funds invest in may not always make interest and other payments nor is the solvency of the issuers guaranteed. Market conditions, such as a decrease in market liquidity for the securities in which the funds invest, may mean that the funds may not be able to sell those securities at their true value. These risks increase where the funds invest in high yield or lower credit quality bonds and where we use derivatives.

The Invesco Perpetual Corporate Bond, Distribution, Global Financial Capital, High Yield and Monthly Income Plus funds have the ability to make use of financial derivatives (complex instruments) which may result in the funds being leveraged and can result in large fluctuations in the value of the funds. Leverage on certain types of transactions including derivatives may impair the funds’ liquidity, cause it to liquidate positions at unfavourable times or otherwise cause the fund not to achieve its intended objective. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested resulting in the fund being exposed to a greater loss than the initial investment.

The Invesco Perpetual Tactical Bond Fund has the ability to make significant use of financial derivatives (complex instruments) which may result in the fund being leveraged and can result in large fluctuations in the value of the fund. Leverage on certain types of transactions including derivatives may impair the fund's liquidity, cause it to liquidate positions at unfavourable times or otherwise cause the fund not to achieve its intended objective. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested resulting in the fund being exposed to a greater loss than the initial investment. As the Invesco Perpetual Tactical Bond Fund can rapidly change its holdings across the fixed income and debt spectrum and cash, this can increase its risk profile.

The Invesco Perpetual Corporate Bond, Distribution, Global Financial Capital, High Yield, Monthly Income Plus and Tactical Bond funds may be exposed to counterparty risk should an entity with which the fund does business become insolvent resulting in financial loss.

As the Invesco Perpetual Global Financial Capital Fund is a theme-based fund, which only invests in fixed interest and other debt securities and shares of banks and other financial institutions, investors should be prepared to accept a higher degree of risk than for a fund that is more widely diversified across different sectors.

Invesco Euro Corporate Bond Fund:

Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date.

Changes in interest rates will result in fluctuations in the value of the fund.

The fund may hold a significant amount of debt instruments which are of lower credit quality and may result in large fluctuations of the value of the fund.

Invesco Sterling Bond Fund:

Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date.

The fund will invest in derivatives (complex instruments) which will be leveraged and which may result in large fluctuations in the value of the fund.

The fund will invest in derivatives (complex instruments) which will be leveraged and which may result in large fluctuations in the value of the fund.

The fund may invest in contingent convertible bonds which may result in significant risk of capital loss based on certain trigger events.

Important information

For the most up to date information on our funds, please refer to the relevant fund and share class-specific Key Investor Information Documents, the Supplementary Information Document (for onshore funds only), the latest Annual or Interim Reports and the Prospectus, which are available on this website.