Anyone selling Invesco Perpetual Income

Loughton_Monkey

For some reason, my Invesco Perpetual monthly income has performed slightly better overall!

StevieJ

Jake'sGran wrote: »

I know that Neil Woodford has been criticised lately and his Income funds are not doing very well. Has anyone on this board decided to sell?
Also, he is predicting a double dip recession next year which makes me think his Income funds will continue to lose out. I would appreciate the opinion of others regarding these funds.

He is lucky (e.g. selling oil companies and BP going bump), better to be lucky than good

Cautious_Investor_3

StevieJ wrote: »

He is lucky (e.g. selling oil companies and BP going bump), better to be lucky than good

Are you just refering to recent history or his entire tenure?

The Cautious Investor

Jake'sGran

I have four holdings, two of the High Income and two of the Income Fund one of which is Income. This particular holding has reduced in value by £327.58 from a purchase price of £2732.50 in Dec '08. The income was reinvested.

Thank you all for your opinions. I will keep these funds in view of what has been said even though the holding in question has not made any gain.

bendix

Jake'sGran wrote: »

I have four holdings, two of the High Income and two of the Income Fund one of which is Income. This particular holding has reduced in value by £327.58 from a purchase price of £2732.50 in Dec '08. The income was reinvested.

Thank you all for your opinions. I will keep these funds in view of what has been said even though the holding in question has not made any gain.

No offence, but I suspect you've got it totally wrong. According to historic records, the unit price of these funds is considerably higher on both those funds now than it was in December 2008 - both accumulation and income units.

It is impossible to have made the loss you are saying you've made over that period.

le_loup

Agreed, the price then for the High Income Inc was around 2.6 - 2.7 mark. It is now just over 3.0.

soulsaver

If you take an historical long term view then I think NW is pretty well unbeatable for consistency. However I did switch out be in funds that I believed were going to perform better in the last 18 months... and they have.

I believe in switching out if funds are performing poorly against their peers.

I held HSBC Growth & Income for some time before deciding compared to other funds in my portfolio it was a 'dog'; but it's done better than IP HI over 1wk,1mth,3mth, YTD & 3yrs. It was 2% behind over 12 mths - until today (7/12) when it overtook him on 12 months, too.

Having said that, If I had to find a safe pair of hands to 'hold' substantial cash for the longer term NW's would be ones I'd be confident with - so IP HI will feature again in my SIPP, when I feel the time is right.

sabretoothtigger

pretty much almost anything still standing has risen in price since 2008 dec so it does seem unlikely. If its been held then the cost should not have exceeded the gains, hope a bank isnt siphoning off 5% in fees or something silly. The only other option would be excessive trading of the fund

Jake'sGran

bendix wrote: »

No offence, but I suspect you've got it totally wrong. According to historic records, the unit price of these funds is considerably higher on both those funds now than it was in December 2008 - both accumulation and income units.

It is impossible to have made the loss you are saying you've made over that period.

You may be right but I spent a long time this morning trying to locate the original contract note on the HL site without success. I will wade through my paper CNs tomorrow. There was no record on HL's site of a purchase of this fund prior to Dec '08 and the portfolio list clearly shows a loss.

Note to Le Loup - the fund I am referring to is I.P. Income (Inc Units)...not High Income.
And, the income has been reinvested.
In response to a query from me yesterday they say I must have requested this but the record shows I asked for income to accumulate, not to be paid out or reinvested.

Also, the other Income (Acc) fund is showing a small loss.

I will let you know if I discover that I have got it all wrong.

StevieJ

Cautious_Investor wrote: »

Are you just refering to recent history or his entire tenure?

The Cautious Investor

Well he was lucky with the Technology bubble as well, those companies didn't tend to pay dividends which is an anathema for an income fund, though many people credit him with avoiding that particular bubble.