Fact sheet: Invesco Euro Bond

Fund information
Fund name
Invesco Euro Bond B
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund managers
  • Luke Greenwoodsince 03/04/2016
  • Lyndon Mansince 03/09/2013
Fund objective
The Fund aims to provide long-term capital growth, together with income. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of debt securities denominated in Euro, issued worldwide by corporations, and governments, supranational bodies, local authorities and national public bodies.
Benchmark
  • Bloomberg Barclays Euro-Aggregate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.6%
1 Year rank in sector
62/65
Sector
FO Fixed Int - EUR Investment Grade
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.04%
Fund size
£826m (£689m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
70
Top in this sector
Fund name1 Year
Capital Group ECorpBdLUX21.3%
Russell IC II Euro FI19.6%
Capital Group EBdFL18.7%
Pimco GIS Euro Income Bond5.2%
SSgA EUrCrex-FinBdInd4.3%
...more in FO Fixed Int - EUR Investment Grade

Performance snapshot

Holdings snapshot

  • Europe93.8%
    Money Market6.2%
  • Corporate Bonds45.3%
    Government Bonds40.7%
    Government Guaranteed7.7%
    Cash & Cash Equivalents6.2%
    Mortgage & Secured Bonds0.3%
  • European Fixed Interest93.8%
    Money Market6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-3.5%-0.4%0.6%16.6%33.5%
Sector-1.5%-2.6%-0.1%2.7%12.1%34.7%
Rank within sector55 / 6559 / 6532 / 6562 / 6510 / 6211 / 49
Quartile4th4th2nd4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund0.9%3.1%11.9%1.5%11%
Sector2.8%-0.2%8.9%3.4%15.2%
Rank within sector61 / 651 / 6411 / 6234 / 5322 / 49
Quartile4th1st1st3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.39
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.3
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.38
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.81
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.19
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.68
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.84
Price movement
52 week high6.3
52 week low5.89
Current bid price-
Current offer price-
Current mid price6.05
Region
1Europe93.78%
2Money Market6.22%
Industry sector
1Corporate Bonds45.34%
2Government Bonds40.72%
3Government Guaranteed7.7%
4Cash & Cash Equivalents6.22%
5Mortgage & Secured Bonds0.34%
6Foreign Exchange0.08%
7Derivatives-0.4%
Asset type
1European Fixed Interest93.78%
2Money Market6.22%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to provide long-term capital growth, together with income. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of debt securities denominated in Euro, issued worldwide by corporations, and governments, supranational bodies, local authorities and national public bodies.
Benchmark
  • Bloomberg Barclays Euro-Aggregate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Luke Greenwood03/04/2016Luke is originally from Australia, where he began his career at Westpac and subsequently, State Street in Sydney before moving to the UK. He joined Invesco in 2000 becoming a member of the Invesco Fixed Income (IFI) team in 2004. Prior to joining the IFI team Luke was a performance and risk management analyst. Luke is primarily responsible for Sterling and European short duration strategies in his role as a Credit Portfolio Manager. Additionally, he is actively involved in asset allocation decisions for European and UK investment grade credit. His broad fixed income background includes prior experience analysing and investing in the UK, Canadian and Japanese government bond markets along with the UK banking, European auto and defense credit sectors. Luke holds an Executive MBA from Cass Business School.
Lyndon Man03/09/2013Lyndon joined Invesco in 2011 and is the principal Portfolio Manager for Invesco's global IG credit funds. He manages portfolios with a range of investment strategies, including active alpha and enhanced beta. Prior to Invesco, Lyndon was with the Government of Singapore Investment Corporation (GIC) where he managed multi-asset as well as fixed income portfolios, specializing on relative value in derivatives – linear and option-related, as well as traditional asset allocation strategies. He began his time at the GIC as a quantitative analyst in 2005, where he lead the quantitative platform in the development of pricing models and various quant strategies. Lyndon started off his career at Barclays Capital as a market risk manager in fixed income and emerging markets. Lyndon achieved a Masters in Chemistry and a BA (Hons) in Physical Science at the University of Oxford in 2001 and 2000 respectively. He is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Invesco Euro Bond A Acc EUR
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price7.2504
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBW52
Invesco Euro Bond A Hedged Acc CHF
Initial charge5.26%
Annual charge0.75%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.1179
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCAE
Invesco Euro Bond A Semi Annual Dis Inc EUR
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price6.1665
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAKJ4
Invesco Euro Bond B
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price6.0454
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIHU1
Invesco Euro Bond C
Initial charge5.26%
Annual charge0.5%
Min single investment£800,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price7.5782
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIA52
Invesco Euro Bond C Hedged Acc CHF
Initial charge5.26%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.2175
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCAF
Invesco Euro Bond E
Initial charge3.09%
Annual charge0.9%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price7.0772
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIB49
Invesco Euro Bond R Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1175
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFV8Y
Invesco Euro Bond Z Annual Dis EUR
Initial charge5.26%
Annual charge0.38%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.9106
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFARC
Data provided by

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