INVESCO PERPETUAL European Equity Accumulation Units
HL comment
Our view on this Fund
European Growth merged into this when Invesco altered fund range. We are waiting for improvement.
13-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: INVESCO PERPETUAL
Our view on this Fund Management Group as a whole
The company was formed by the merger of Invesco and Perpetual in December 2000 following the acquisition of the two companies by Amvescap. In the UK alone the group manages over 40 funds, and with £29.2 billion worth of funds under management this makes them one of the largest unit trust companies in the UK. The group trades as Amvescap outside the UK and has a web of world-wide offices in over 30 countries which few investment groups can match. This is a group that has excelled in managing UK equities and we expect the performance to continue.
09-10-2008
HL sector comment: Europe Excluding UK
Our view on this sector
Prospects for Europe look difficult with a strong Euro making exports uneconomical. The European Central Bank has finally reduced interest rates, although many argued this should have been done sooner. The European banking sector has also been caught up in the sub prime crisis. Despite this, there is value to be found for those investors looking at a long term investment.
20-11-2008