Causer: The financial crisis - past, present and future


Paul Causer, co-head of fixed interest and co-manager of the Invesco Perpetual Global Financial Capital fund, looks at what has been done over the past year to tackle the problems in the financials sector.

In the last year, there has been a real shift in market perceptions as investors have recognised the progress that has been made for financials. The prices of financial debt instruments, subordinated debt in particular, have risen and their yields have fallen, helping our fund to a total return of 43.8%  from its launch on 25 January 2012. We cannot expect to see the same returns from here, but we still view financials as the standout area of value in bond markets.  Policy support The financial sector has received a lot of direct support from central banks. Concerns over funding i...

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