Following the announcements that a number of senior investment analysts and portfolio managers have been promoted to co-manager roles on several of Invesco’s Fixed Interest funds, we are retaining our ratings on the following funds: Invesco Corporate Bond AAA, Invesco Tactical Bond AAA, Invesco Monthly Income Plus AA and Invesco Distribution AA.
Invesco has announced today that, effective 31st August:
- Tom Hemmant, senior analyst will become co- manager of Invesco Corporate Bond fund alongside Paul Causer and Mike Matthews;
- Edward Craven, senior analyst becomes co- manager of the Invesco Distribution fund alongside Paul Causer and Ciaran Mallon while Paul Read steps down from the fund;
- Stuart Edwards and Jack Parker will join as co-portfolio managers of Invesco Tactical Bond alongside Paul Causer while Paul Read steps down from this fund;
- Rhys Davies becomes co-portfolio manager on the Invesco Monthly Income Plus fund alongside Paul Causer and Ciaran Mallon while Paul Read also steps down from the fund.
Invesco's Henley-based Fixed Interest team will continue to be headed by Paul Causer and Paul Read and we see these developments as a natural evolution of responsibilities. The promotion of these senior analysts and portfolio managers, is in reflection of their contribution to the team and process over a number of years. Whilst we note that the highly experienced Paul Read has been removed as a named co- manager on three of the funds, he remains integral to the business and his expertise will not be lost from the funds.
We look forward to meeting with a number of the newly appointed co-managers during our manager meetings over the rest of the year.
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