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Fund research

Invesco Tactical Bond – change of manager

Paul Read, co-manager of the Invesco Tactical Bond fund will step back from the Invesco Tactical Bond Fund on 31 August 2020.

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

This article is more than 4 years old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Paul Read, co-manager of the Invesco Tactical Bond fund will step back from the fund on 31 August 2020. Read’s colleagues Stuart Edwards and Jack Parker will replace him and join existing co-manager Paul Causer to form a three person team.

Paul Read’s move comes at a time where there are management reshuffles among a number of fixed interest funds run by Invesco. These changes reflect the ongoing development of the individuals within the team and the appetite to grow their careers and responsibilities over the long term. Edwards has been managing funds for the last 10 years and has 22 years of investment experience, while Parker has 10 years of investment experience.

The new three person management team of Causer, Edwards and Parker will continue to use the fund's existing investment process, so we don't expect to see any significant changes to the way the fund's managed. Paul Read and Paul Causer both remain co-heads of fixed income at Invesco.

The Invesco Tactical Bond fund is currently on our Wealth Shortlist of funds selected by our analysts for their long-term performance potential. Given Causer, who has over 34 years of investment experience, will remain co-manager of the fund, we retain our conviction. We will continue to monitor the managers closely, and will let you know if our view on the fund changes.

Annual percentage growth
June 15 -
June 16
June 16 -
June 17
June 17 -
June 18
June 18 -
June 19
June 19 -
June 20
Invesco Tactical Bond 1.5% 4.2% -0.9% 1.5% 8.5%
IA £ Strategic Bond 3.8% 7.1% 0.2% 5.2% 3.1%

Past performance is not a guide to the future. Source: Lipper IM to 30/06/2020.

Find out more about this Fund including charges

Invesco Tactical Bond Key investor information


Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.

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Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.
Written by
Joseph Hill
Joseph Hill
Senior Investment Analyst

Joseph is part of our Fund Research team. Having joined HL in 2017 initially on a graduate scheme, he's now integral to our analysts who select funds for our Wealth Shortlist. He also analyses the UK Growth, UK Equity Income and UK Smaller Companies fund sectors, providing expert insight for our clients.

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Article history
Published: 22nd July 2020