Invesco Tactical Bond Class Z - Accumulation (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
The fund is co-managed by Stuart Edwards and Julien Eberhardt who took over running the fund in August 2020 and August 2021 respectively. Despite their relatively short tenure on this fund, both managers have been part of the fixed income team at Invesco for well over a decade and have contributed investment ideas for a number of years.
They can invest in all types of bonds, with very few constraints placed on them. The performance of the fund hinges on their ability to interpret the bigger economic picture. They can aggressively alter the fund's investments based on what they see. They aim to shelter the portfolio when they see tough times ahead; and seek strong returns as more opportunities become available. Depending on the managers views, at different times this can be a relatively high-risk bond fund, or can be run on a conservative basis.
We think this is a good fund for exposure to the wider bond market. It takes away the hassle of deciding which type of bonds to invest in and when because the managers are given the discretion to make these decisions for you. Over the long term the aim is to deliver a total return, through the combination of capital growth and income, rather than focusing purely on generating a high yield.
Our view on the sector
Performance Analysis
Investment Philosophy
Process and Portfolio Construction
Manager Track Record Based on HL Quantitative Research
Fund Track Record
24/12/19 to 24/12/20 | 24/12/20 to 24/12/21 | 24/12/21 to 24/12/22 | 24/12/22 to 24/12/23 | 24/12/23 to 24/12/24 | |
---|---|---|---|---|---|
Annual return | 12.96% | 1.70% | -4.41% | 6.32% | 1.57% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.