Causer and Read boost liquidity to exploit value opportunities

clock

Invesco Perpetual bond duo Paul Causer and Paul Read have boosted liquidity in their £5.5bn Corporate Bond fund to take advantage of new value opportunities which have emerged after the recent bond sell-off.

Over the past two and a half months, the US treasury market has endured one of the heaviest sell-offs since the financial crisis. Yields on benchmark 10-year paper have spiked from 1.66% at the start of May to trade at 2.52% today, after the Federal Reserve announced it may begin tapering its monetary stimulus programme at the end of 2013. Causer and Read (pictured), along with Michael Matthews, who was appointed co-manager of the fund in March, have been running a lower average duration than peers in order to protect the fund on the downside. The managers have been running duratio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

REGISTER NOW TO WATCH: Investment Talks 2025: Optimism, disruption, and Trump 2.0

REGISTER NOW TO WATCH: Investment Talks 2025: Optimism, disruption, and Trump 2.0

Join our online event on the 23rd January

Hardeep Tawakley
clock 21 January 2025 • 1 min read
Partner Insight: Active continues to outperform passive

Partner Insight: Active continues to outperform passive

Active bond managers have historically given investors an advantage over their passive peers

Sarka Halas
clock 21 January 2025 • 2 min read
Partner Insight: Key themes for Real Estate in 2025

Partner Insight: Key themes for Real Estate in 2025

Riding the real estate recovery

Nuveen
clock 21 January 2025 • 1 min read
Trustpilot