Invesco Tactical Bond Class Z - Income (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 Paul Causer, Stuart Edwards and Jack Parker. At the end of August 2020 Edwards and Parker both stepped up to become co-managers of the fund, replacing previous co-manager Paul Read. They've both been part of the fixed income team at Invesco for 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. The managers are given the discretion to make these decisions for you and we think they've proven their ability to do so. 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.