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Invesco shake-up for fixed income

Invesco Perpetual has reshuffled its fixed-income team.

Michael Matthews and Stuart Edwards replace Paul Read and Paul Causer on the global bond fund. Matthews will also manage the fixed-interest pension fund previously headed by the duo. Edwards will take on management of the Invesco Perpetual money fund, global bond fund and sterling reserve fund.

’We see this move as a natural and logical progression for individuals of their calibre and experience and have complete confidence that the interests of investors continue in excellent hands’

The changes are effective from March 31 but the funds’ strategy will be unchanged.

Co-head of fixed income Paul Causer says: “We have always worked together closely as a team and Michael and Stuart have been integral to the successful management of our funds. Paul Read and myself see this move as a natural and logical progression for individuals of their calibre and experience and have complete confidence that the interests of investors continue in excellent hands.”

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