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Invesco Global Unconstrained Bond A Acc GBP

Ranked 10 out of 13 in - Absolute Return GBP over 12 months
All calculations are in GBP unless stated

Managed by

Paul Causer

Based in Henley-on-Thames, Paul Causer 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 Invesco Perpetual in 1994. Paul holds a BSc in Economics from the London School of Economics.

Jack Parker

Based in Henley-on-Thames, Jack Parker is a Fund Manager and Senior Macro Analyst within Invesco Perpetual’s Fixed Interest team. Jack began his investment career with the firm within our investment operations functions in January 2008. He transferred to the Fixed Interest team in August 2010, initially as a Trainee, before being promoted to the role of Macro Analyst/Trader. He graduated in 2007 and holds a BA (Honours) in Business Economics from the University of Exeter. He is also a CFA charterholder.

Paul Read

Based in Henley-on-Thames, Paul Read co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining Invesco Perpetual in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.

Objective

The Fund aims to maximise total return through investment in a flexible allocation of cash, debt securities and financial derivative instruments worldwide. The Investment Adviser intends to actively manage the Fund and will seek out opportunities within the investment universe which it believes will contribute to achieving the objective of the Fund. The Fund may invest primarily in debt securities (including convertible bonds, high yield bonds and non investment grade bonds) and derivatives within the investment universe.

Showing fund performance in United Kingdom View performance globally

Performance

Absolute Return GBP over : 31/03/2018 - 31/03/2019
  • Rank 10/13 Total Return
  • Rank 10/13 Standard Deviation
  • Rank 11/13 Max Drawdown
Fund Name Currency Return
8 Aberdeen Target Return Bond A Acc GBP

-0.2%

9 BlackRock Absolute Return Bond P Acc GBP

-0.8%

10 Invesco Global Unconstrained Bond A Acc GBP GBP

-1.4%

11 Schroder Absolute Return Bond A Acc GBP

-1.6%

12 BNY Mellon Absolute Return Bond X GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-4.3%

Fund Name Currency Risk
8 M&G Alpha Opportunities A GBP Inc GBP

2.1

9 Royal London Duration Hedged Credit Z Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

2.3

10 Invesco Global Unconstrained Bond A Acc GBP GBP

2.7

11 BNY Mellon Absolute Return Bond X GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

2.9

12 Schroder Absolute Return Bond A Acc GBP

3.1

Fund Name Currency Loss
9 Aberdeen Target Return Bond A Acc GBP

-2.5%

10 Schroder Absolute Return Bond A Acc GBP

-3.4%

11 Invesco Global Unconstrained Bond A Acc GBP GBP

-3.5%

12 BNY Mellon Absolute Return Bond X GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.5%

13 Tideway High Income Real Return A GBP GBP

-8.7%

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 2.2%
2018 -3.8% -0.4% -1.8% 0.5% -2.1%
2017 3.3% 1.4% 1.6% -0.1% 0.2%
2016 4.4% 0.8% 1.6% 2.1% -0.1%
2015 1.7% 4.4% -0.9% -2.2% 0.6%
2014 6.6% 3.2% 1.9% 1.0% 0.4%
2013 4.6% 2.7% 0.9% 0.1% 0.8%
2012 29.5% 17.4% -0.7% 6.8% 4.0%
2011 -0.6% 5.8% 0.5% -10.5% 4.4%
2010 3.8% 0.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

28/02/2019

Top 10 Holdings

Stock Size
GBP Forward Contract 51.30%
Future General Security 18.17%
STIC GBP Liquidity Portfolio Agency Inc 9.10%
US Treasury 2.250% 31-Mar-2020 7.59%
GBP Cash 6.23%
US Treasury 0.500% 15-Jan-2028 5.58%
Enel SpA 7.750% 10-Sep-2075 4.18%
Standard Life Aberdeen PLC 5.500% 04-Dec-2042 4.16%
AG Insurance PERP 3.89%
Lloyds Banking Group PLC PERP 3.85%
28/02/2019

Registered For Sale In

  1. Austria
  2. Finland
  3. France
  4. Germany
  5. Guernsey
  6. Ireland
  7. Jersey
  8. Luxembourg
  9. Netherlands
  10. Norway
  11. Spain
  12. Sweden
  13. Switzerland
  14. United Kingdom

Fund Info

  • Launch date21/06/2010
  • Share Class size01Mn
  • Base currencyGBP
  • ISIN LU0503256280

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%
  • Initial investment1.50%

Related News

Invesco promotes co-manager to global bond range

Invesco has promoted in-house macro analyst and trader Jack Parker to deputy manager

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).