Invesco Perpetual UK growth

Vendee

Ok, a bit of an embarrassing story but with a happy ending. In June of last year I opened H&L Vantage ISA with stock in Invesco Perpetual UK growth..... or so I thought. I hadn't kept track of its performance because its a long term investment but as I'm considering adding funds from my 2008 ISA allowance, I decided to visit H&L's site to see how things were.

My account balance was showing £7138 (I had opened with £7000) but I couldn't see any details of my holdings. I contacted H&L and it would appear that I opened the Vantage ISA account and deposited the £7k but failed to purchase the Invesco stock. H&L had added £138 interest to the original amount. I felt quite upset at my error but then cheered up when I discovered that if I had purchased the Invesco stock, it would have lost 15% of its value since June.

Anyway a question for the more knowlegable:- Is the Invesco Perpetual UK growth fund still worth a punt? I originally went for this because Neil Woodford was the fund manager but this is no longer the case.

Thanks in advance.

JerryF

Vendee wrote: »

Ok, a bit of an embarrassing story but with a happy ending. In June of last year I opened H&L Vantage ISA with stock in Invesco Perpetual UK growth..... or so I thought. I hadn't kept track of its performance because its a long term investment but as I'm considering adding funds from my 2008 ISA allowance, I decided to visit H&L's site to see how things were.

My account balance was showing £7138 (I had opened with £7000) but I couldn't see any details of my holdings. I contacted H&L and it would appear that I opened the Vantage ISA account and deposited the £7k but failed to purchase the Invesco stock. H&L had added £138 interest to the original amount. I felt quite upset at my error but then cheered up when I discovered that if I had purchased the Invesco stock, it would have lost 15% of its value since June.

Anyway a question for the more knowlegable:- Is the Invesco Perpetual UK growth fund still worth a punt? I originally went for this because Neil Woodford was the fund manager but this is no longer the case.

Thanks in advance.

Neil Woodford is the manager of the Invesco Higher Income fund - same company, different fund. His performance is highly rated, but like much of the rest of the market his fund showed a downturn in value in the last 6 months (about 11%). If you have an independent financial adviser you should ask their advice about the most suitable funds for you - based on the length of time you wish to invest and your attitude to risk. You can still appoint an IFA to look after your investments - most funds pay the financial adviser a very small annual percentage of your fund (which doesn't cost you or lose you anything).

JerryF

dunstonh

Single fund investing is old fashioned and a recipe for lower returns over the long run. With 7k you may as well go £1k x7 and give yourself a spread that averages out to your risk profile.