{"id":343,"date":"2013-10-18T06:59:28","date_gmt":"2013-10-18T06:59:28","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=343"},"modified":"2013-10-18T06:59:28","modified_gmt":"2013-10-18T06:59:28","slug":"fund-focus-invesco-perpetual-high-income-fund","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=343","title":{"rendered":"Fund Focus: Invesco Perpetual High Income Fund"},"content":{"rendered":"

In the financial press these past few days, the big news that has been making the headlines that Neil Woodford<\/strong><\/em> a highly successful fund manager at Invesco Perpetual is leaving to set up his own fund management business.<\/p>\n

Neil Woodford runs quite a few funds at Invesco Perpetual, such as the Invesco Perpetual High Income Fund<\/strong>, The Edinburgh Investment Trust and The Invesco High Income fund to name just three.<\/p>\n

The Invesco Perpetual High Income Fund, is huge, This fund \u00a313,971 million<\/strong> = \u00a313.971 billion<\/strong>.<\/p>\n

\u00a310,000 in 1990<\/strong><\/em> invested The Invesco Perpetual High Income Fund would be worth over \u00a3200,000 today<\/strong><\/em>.<\/p>\n

[http:\/\/www.invescoperpetual.co.uk\/site\/ip\/pdf\/3303148_EN_GB-ip-hgh-inc-fnd-fctsht.pdf<\/a>]<\/p>\n

The total number of holdings are 122
\nThe Top 10 holdings are:-<\/p>\n

AstraZeneca 8.68%<\/strong><\/em>
\nGlaxoSmithKline 8.44%<\/strong><\/em>
\nBT 6.35%<\/strong>
\nBAE Systems 5.51%<\/strong><\/em>
\nRoche 5.50%<\/strong><\/em>
\nBritish American Tobacco 5.05%<\/strong><\/em>
\nImperial Tobacco 4.82%<\/strong><\/em>
\nReckitt Benckiser 4.42%<\/strong><\/em>
\nReynolds American 4.32%<\/strong><\/em>
\nCapita 4.18%<\/strong><\/em><\/p>\n

This makes 57%<\/strong> of the entire fund.<\/p>\n

Very interesting to see BT<\/strong> in the fund, a long term investor in the world\u2019s most dynamic telecoms group, look at the sound fundamentals of BT<\/p>\n

[http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?username=&ac=&csi=10025&record_search=1&search_phrase=BT<\/a>]<\/p>\n

With 6.35%<\/strong> of the \u00a313.971<\/strong> billion fund in BT<\/strong>, that equates to \u00a3887million<\/strong> worth of shares in BT<\/strong> held by The Invesco Perpetual High Income Fund<\/strong>. Not entirely surprising having such a high quality investment, as in these times of low interest rates, BT is yielding 2.5%.<\/p>\n

Now BT<\/strong> has about \u00a07,910,539,487<\/strong> shares on issue, so the market capitalisation (value) of BT is 7,910,539,487<\/strong> x \u00a33.64<\/strong> (the current share price) = \u00a328,802 million<\/strong> (\u00a328.8 billion<\/strong>)
\nWith the The Invesco Perpetual High Income Fund<\/strong> owning \u00a3887 Million<\/strong> worth of shares, that equate to just over 3%<\/strong> of BT<\/strong>.
\nThis fund from Invesco Perpetual owns 3% of BT<\/strong>. Almost certainly other funds from Invesco Perpetual own shares in BT, so one can see, it is a strategic investor in BT Group PLC.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the financial press these past few days, the big news that has been making the headlines that Neil Woodford a highly successful fund manager at Invesco Perpetual is leaving to set up his own fund management business. Neil Woodford runs quite a few funds at Invesco Perpetual, such as the Invesco Perpetual High Income […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-343","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=343"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/343\/revisions"}],"predecessor-version":[{"id":344,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/343\/revisions\/344"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}