Invesco Perpetual has announced the launch of a new fund to be managed by award winning team Paul Causer and Paul Read.
The Tactical Bond Fund, which will sit in the IMA Strategic Bond sector, aims to maximise total return primarily through a flexible allocation to fixed interest securities and cash.
The fund's investment remit covers the entire range of cash, Government bond and credit markets, which allow it to adapt to a number of market conditions.
Commenting on the launch, Paul Read said: "The fund seeks to achieve an attractive total return over the long term by exploiting opportunities wherever we perceive them to be across the full range of Government and credit markets including cash.
"Over the long term, because we have the flexibility to move portfolios across the risk spectrum, we would hope that we can outperform cash and indeed the major Government and credit markets."
The fund managers will adopt a high-conviction management style for the Technical Bond Fund, which means that the fund is able to alter its asset allocation quickly, which can lead to material changes in the risk profile of the fund. For example, the fund may go through periods of being fully invested in cash or near cash if the managers believe there are no attractive opportunities in fixed interest markets.
"This fund will attempt to capture the best ideas that we have across our range and to apply them in a concentrated way," Mr Read adds.
Commenting, Ian Trevers, head of distribution at Invesco Perpetual said: "Fixed income investing is an increasingly significant component of UK retailer investors portfolios, and Paul Causer and Paul Read are two of the most respected bond managers in the UK.
"They will manage this fund with a dynamic and opportunistic mindset, investing across the broad spectrum of fixed interest investments."
© Fair Investment Company Ltd