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Invesco Pan European High Income Fund

November 24, 2015 | Invesco

Invesco Pan European High Income Fund

Many of the largest, high-yield companies are headquartered in Europe. These businesses have been generating profits, even in the challenging market environments of the past years. Investing in these companies offers the opportunity to partake of their success. We believe that a European equity fund presents an integral part of a well-diversified portfolio for investors thinking for the long term.

"The focus of this fund is on income. The flexibility we have to invest in equities can be very helpful in this regard as sometimes the income available in stocks relative to bonds can offer a more attractive option."
Paul Read, Fund Manager

 
Why the Invesco Pan European High Income Fund?

  • Combining equities and fixed income
    The fund can access what the fund managers believe to be the best opportunities for income and capital growth. While bond interest will normally provide most of the income in the fund, equity dividends can offer an attractive alternative.
  • Focus on income
    The fund offers a relatively high income, in comparison to investment grade corporate bonds, with the potential for longer term capital growth and typically lower duration.
  • Active, market-driven approach
    The team's investment approach is informal, iterative and flexible. They are exploiting opportunities on a short-term as well as a longer-term basis. Risk can quickly be reduced if the market environment warrants a more cautions allocation.
  • Experience and success
    Paul Read and Paul Causer are fund managers of the year 2013 for European bonds. They are managing the fixed income portion of the fund and are responsible for the asset allocation. The equity portion is managed by Stephanie Butcher.
     

More than a "best in class" product

Taking a look at performance, the Invesco Pan European High Income Fund has achieved remarkable success. The fund not only outperformed all other funds in its peer group to position itself in top place within the respective Morningstar rankings, it also outpaced the peer group averages of every other allocation sector housing balanced or multi-asset funds.
 

Cumulative performance
  YTD 1 year 3 years 5 years
Invesco Pan European High Income Fund 7.27% 7.27% 53.64% 69.52%
Mstar GIF OS EUR Cautious Allocation 5.06% 5.06% 14.18% 15.38%
Peer group quartile 1 1 1 1
Annual performance
  2014 2013 2012 2011 2010
Invesco Pan European High Income Fund 7.3% 12.8% 27.0% -3.1% 13.9%
GIF EUR Cautious Allocation 5.1% 1.9% 6.6% -2.7% 3.9%
Peer group quartile 1 1 1 1 1

The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Past performance is not an indication for future performance, provides no guarantee for the future and is not constant over time. Source: Morningstar as at 31/12/2014. A-share Acc. in EUR. Mid to mid, gross income re-invested to 31/12/2014 unless otherwise stated. Reference Index source: Morningstar. The figures do not reflect the entry charge payable by individual investors.
 

Awards & Ratings*

Morningstar Award: Paul Read and Paul Causer, fund managers of 2013, European bonds. Morningstar Award: Invesco Pan European High Income Fund 5 star
 

Documents to download

Detailed information about the Fund

Invesco Pan European High Income Fund - A-Acc. Factsheet

Invesco Pan European High Income Fund - A-Acc. KIID

Invesco Pan European High Income Fund - A (Dist. Annual) Factsheet

Invesco Pan European High Income Fund - A (Dist. Annual) KIID

Invesco Pan European High Income Fund - A (Dist. Quarterly) Factsheet

Invesco Pan European High Income Fund - A (Dist. Quarterly) KIID

Invesco Pan European High Income Fund - Fund Portrait

Invesco Pan European High Income Fund - Presentation

Invesco Pan European High Income Fund - Monthly fund report

Invesco Funds (SICAV) - Prospectus

Invesco Funds (SICAV) - Semi-annual Report

Invesco Funds (SICAV) - Annual Report
 

Risks warnings

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date. Changes in interest rates will result in fluctuations in the value of the fund. The fund may hold a significant amount of debt instruments which are of lower credit quality and may result in large fluctuations of the value of the fund. The risks described herein are the fund specific material risks. For more information please consult the current fund and share class specific Key Investor Information Document (KIID) and for a complete set of risks the current prospectus. If you are unsure of any of these risks please contact your advisor.

Important information

This fund is domiciled in Luxembourg.

Data as of December 2014, if not otherwise indicated. Whilst great care has been taken to ensure that the information contained herein is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. Opinions and forecasts are subject to change without notice. This document is by way of information only. The statements in this document are no invitation to subscribe for shares in a fund nor are they to be construed as an offer to buy or sell any financial instruments. This document is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations about the suitability of the fund(s) for the circumstances of any particular investor. Subscriptions of shares are only accepted on the basis of the most up to date legal offering documents. These documents (fund & share class specific Key Investor Information Document, prospectus, annual & semi-annual reports, articles and trustee deeds) are available free of charge at this website and from the representative in Switzerland.

Issued in Switzerland by Invesco Asset Management (Switzerland) Ltd., Talacker 34, CH-8001 Zurich, representative for the funds distributed in Switzerland. Paying agent is BNP Paribas Securities Services S.A., Paris, Zurich Branch, Selnaustrasse 16, CH-8002 Zurich.

© 2014 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

* Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time. Data as at 31/12/2014.

Stephanie Butcher

Stephanie Butcher

Fund Manager

Paul Causer

Paul Causer

Co-Head of Fixed Interest

Paul Read

Paul Read

Co-Head of Fixed Interest