e-fundresearch.com: What is the current size of the fund?
Causer, Read: As of 31/12/2013 the fund size is €3.83bn.
e-fundresearch.com: Do you also manage other funds or mandates?
Causer, Read: Yes, both fund managers manage other funds and mandates.
e-fundresearch.com: What is the total amount of assets you manage currently?
Causer, Read: Paul Causer and Paul Read are co-heads of Invesco Perpetual’s Fixed Interest team. The team has total assets under management of €24.4bn (31/12/2013).
e-fundresearch.com: How long have you been in the business as a fund manager?
Causer, Read: Paul Causer, Co-Head of Fixed Interest at Invesco Perpetual, began his investment career in 1984 and joined our company in 1994. Paul Read, Co-Head of Fixed Interest at Invesco Perpetual, began his investment career in 1986 and joined our company in 1995.
e-fundresearch.com: What are the main steps in your investment process and in which area is your competitive edge to add value to investors?
Causer, Read: Our team’s approach to investment management can be summarised as active, flexible and pragmatic, market and valuation driven, with a range of products that are designed to be managed through the market cycle. This philosophy and approach have shaped an investment process which comprises three key elements which drive portfolio construction – macroeconomic analysis, credit analysis and value assessment.
The fund managers only invest where they see the potential for positive returns. Based on an unconstrained investment approach, they are free to select what they consider to be the best bonds from right across the market.
e-fundresearch.com: Which benchmark is most relevant and how should investors compare the fund vs. benchmarks or peer groups?
Causer, Read: The investment team does not manage the fund against a benchmark. We use the fund’s peer group, the Morningstar GIF OS EUR Corporate Bond, for performance comparisons only.
e-fundresearch.com: Which performance did you achieve for the fund YTD and over the past five calendar years in absolute terms and relative to relevant benchmark or other reference indices?
Causer, Read: The table below summarises the returns of the fund and its peer group over the past five calendar years.
Past performance is not a guide to future returns. Source: Morningstar. Performance in EUR, on a no entry charge, mid-to-mid basis, inclusive of gross reinvested income and net of the annual management charge and all other fund expenses.
e-fundresearch.com: What motivates you in your job?
Causer, Read: Our business principles motivate us in our jobs here at Invesco Perpetual. Our main aim is to help investors worldwide to achieve their financial objectives.
Our principles allow us to stay motivated and focused on our goals:
- We are passionate about our clients' success
- We earn trust by acting with integrity
- People are the foundation of our success
- Working together, we achieve more
- We believe in the continuous pursuit of performance excellence
e-fundresearch.com: Thank you!