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Invesco to launch financials fund for Causer and Read

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Paul Causer

Paul Causer

Invesco Perpetual is launching a global financial capital fund next week, investing in capital securities of banks and other financials for managers Paul Causer and Paul Read.

The Invesco Perpetual global financial capital fund will launch on January 25 and will be managed by Causer and Read, the co-heads of fixed interest, and Nick Mustoe, chief investment officer.

The fund will invest in a portfolio of capital securities of banks and other financial institutions, including cash and cash equivalents across the globe.

The new launch will also invest in equities where it is considered appropriate.

Invesco Perpetual head of distribution Ian Trevers says: “We are launching this fund to enable investors to participate in the attractive income streams and capital growth opportunities that we see in the financials sector, which is undergoing a long-term process of structural reform and rehabilitation.

“The yield prospects of this multi-trillion dollar market are extremely compelling and at values not seen since 2008-2009, despite the considerable progress the sector has made since then.”

Read adds: “We see this as a significant, evolving theme in our markets for the medium- to long-term and one which we believe offers compelling value to investors.

“The global financial sector is in a period of rapid change in response to the financial and economic crises of recent years. There are risks in the market but we believe there are also rewards.”

The fund will sit in the IMA specialist sector upon launch and carries a 1.25 per cent annual management fee, an initial charge of 5 per cent (which will be discounted by 1.75 per cent initially) and has a minimum investment of £500.


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