259. We may be past peak inflation, but the path downwards will be a tricky one

A ‘go anywhere, do anything’ fund, new Elite Radar Invesco Tactical Bond fund is the most flexible offering in Invesco’s fixed income range. Manager Stuart Edwards joins us to discuss the magical world of fixed income, explaining why bonds have suddenly become much more exciting for investors. Stuart also explains some often-used terms such as ‘duration’ and the impact it can have on returns. He also reveals the areas where he is finding the best opportunities and tells us how he started his career as a UK economist forecasting data. With such a background, it would have been remiss of us if we then hadn’t asked him his views on the UK economy and inflation over the next 12 months – listen to hear what he predicts. 

What’s covered in this episode: 

• Why the last 12-18 months have been tricky for bonds
• The type of bonds this fund can invest in
• How valuations in the bond market have changed
• An explanation of ‘duration’ and how it can influence the returns from bonds
• Why 2023 is a transition year between inflation risks and growth risks
• How the fund is positioned today
• Where in emerging markets the manage is finding opportunities
• The manager’s background as a UK economist forecasting data
• The manager’s view on the UK economy today 
• Why the manager is downbeat on the UK’s economic prospects going into 2024
• The intricacies of inflation and its tricky path downwards going forward

More about the fund:
The new Elite Radar Invesco Tactical Bond is the most flexible fund in Invesco’s fixed income range. It is designed to capitalise on all the resources within the team and invest across the whole fixed-income opportunity set. The managers use an active style whereby risk can be continually adjusted according to market conditions and the level of return on offer.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.