|Bid Price||-||Offer Price||-|
|Mid Price||GBX 103.49||Day Change||GBX +0.03 (0.03%)|
|Price Date||19 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||4.53 %|
|Total Expense Ratio||1.48||Fund Size||87,685,277.40|
|Launch Date||25/01/2012||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||1.48|
|ISIN||GB00B42XRV41||Min TopUp (£)||0.00|
The objective of the Fund is to achieve a combination of income and capital growth over the medium to long term. The Fund invests primarily in the fixed interest and other debt securities and shares of banks and of other financial institutions globally (which may be sub-investment grade or have no credit rating) as well as cash and near cash instruments. The Fund may use derivatives (complex instruments) and other financially linked instruments in order to meet the Fund’s investment objective and to reduce risk, minimise costs and/or generate additional capital or income. The Fund is actively managed within its objectives and is not constrained by a benchmark.
Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Based in Henley-on-Thames, Julien is responsible for managing the global bank and financial capital portfolios. Julien began his investment career in 2005 at Moody's as an analyst specialising in high yield and investment grade corporate issuers in the EMEA region. He joined our company in 2008 as a fixed interest credit analyst specialising in financials. He was promoted to Deputy Fund Manager for financial capital portfolios in March 2014, before being appointed to Fund Manager in December 2016. He is a graduate of École Supérieure de Commerce de Montpellier (France) and holds Masters degree in Finance from the University of Montpellier (France). He is also a CFA charter holder.