The Invesco Perpetual High Income Fund is this week's Fund in Focus at the Share Centre, and could benefit investors looking for a high level of income in addition to capital growth, Andy Parsons, advice team manager at The Share Centre claims.
Commenting on the UK Equity Income and Growth fund, Mr Parsons said: "Invesco Perpetual is not only one of the largest fund management groups in the UK, but it also has one of the most popular and well respected fund managers, Neil Woodford."
The fund is one of Invesco Perpetual's flagship investment funds that invests primarily in UK companies with the balance invested internationally. At the helm, Woodford chooses companies that he believes offer the potential for long-term growth and a sustainable income."
Mr Parsons adds: "For many years Woodford's reputation has been based on his consistent and well established management style; he is not afraid of being contrarian or to back his convictions and beliefs. For example, during the technology bubble Woodford refused to participate, and in the end he was proved right."
Neil Woodford believes that solid defensive companies are the way to go at the moment, and although this has led to some underperformance he remains confident that they will soon provide leadership to the UK market.
According to Mr Parsons, over 5 and 10 year periods the Invesco Perpetual High Income Fund has returned 58.6 per cent and 143.5 per cent, "significantly outperforming the IMA Equity Income and Growth sectors average returns of 31.4 per cent and 57.6 per cent over the same period."
"The fund is suitable for investors who are unsure which UK income fund to choose, and for those who prefer to follow a manager with a proven track record. The fund distributes income bi-annually," Mr Parsons adds.
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