Skandia Investment Group (SIG) adds Invesco Perpetual Corporate Bond to the Skandia UK Fixed Interest Blend fund.
Skandia has invested 12 million in Invesco Perpetual Corporate Bond fund via its UK Fixed Interest Blend fund – an investment which was previously allocated to Gartmore Corporate Bond.
Invesco Perpetual Corporate Bond is run by Paul Causer and Paul Read. Causer and Read are highly experienced and well regarded managers in their sector. Together they have over 40 years’ fund management experience and have highly successful track records.
The Invesco Perpetual fund aims to achieve a high level of overall return, with relative security of capital. It intends to invest primarily in fixed interest securities. In pursuing this objective, Causer and Read may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.
Skandia has selected Causer and Read’s fund based on the vast experience they have, which will be of particular use in the current economic environment, and the complimentary style their fund will bring to the UK Fixed Interest Blend fund.
“The decision to include the Invesco Perpetual Corporate Bond was due to Paul and Paul’s combined wealth of experience and exemplary track records in the fixed interest sphere,” says Ryan Hughes, senior fund manager at Skandia Investment Group. “Their experience coupled with their robust investment objectives makes this fund an ideal addition to Skandia UK Fixed Interest Blend.”
The new make up of the Skandia UK Fixed Interest Blend fund is as follows:
Royal London Corporate Bond 16.7%
M&G Optimal Income 14%
Aegon Sterling Corporate Bond 16.7%
Old Mutual Corporate Bond 16.7%
Fidelity Moneybuilder income 16.7%
JP Morgan high Yield Bond Mandate 2.5%
Invesco Perpetual Corporate Bond 16.7%
D.C.