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Invesco Pan European High Income Fund

Focus Fund


Stephanie Butcher

Fund Manager

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Paul Causer

Co-Head of Fixed Interest

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Paul Read

Co-Head of Fixed Interest

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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?

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.

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 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.

*Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time.

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Risk 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.

Important information

The units/shares of the fund offered in this website are registered for public distribution with the Commission de Surveillance du Secteur Financier. No investment recommendation is being offered or provided by Invesco and if investors are unsure if this product is suitable for them, they should seek advice from a financial adviser. A decision to invest in shares of a fund must be based on the most up to date legal offering documents. These documents (fund & share class specific Key Investor Information Document, prospectus, annual & semi-annual reports) are available in hardcopy and free of charge at Invesco Asset Management S.A., Avenue Louise 235, B-1050 Brussels, Belgium, Tel : +32-2-641 01 70 - Fax : +32-2-64101 75 as well as on our website on the following link.  Investors must be aware that their investment may be subject to the risk of adverse foreign exchange rate movements. Ongoing charges and any other fees, commissions, charges and expenses, as well as taxes, payable through the fund, are disclosed in the fund's KIID and prospectus. Other costs, including taxes, related to transactions in connection with the fund may arise directly for the client. Past performance is not a guide for future returns. The value of investments, and the income from them, can fluctuate (this may partly be the result of exchange rate fluctuations), and investors may not get back the full amount invested. Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns. For more information please contact your local distributor. All opinions expressed are based on current market conditions and are subject to change without notice.

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