Skandia hands £12m corporate bond mandate to Invesco

Skandia has stripped a £12m corporate bond mandate from Gartmore in favour of Invesco Perpetual in it...

Skandia has stripped a £12m corporate bond mandate from Gartmore in favour of Invesco Perpetual in its £77m UK Fixed Interest Blend fund. Invesco Perpetual Corporate Bond, run by Paul Causer and Paul Read, now accounts for 16.7% of Skandia's multi-manager vehicle. Over one year to 2 February, Invesco Perpetual Corporate Bond has declined just 9.1%, against a 28.7% fall for Gartmore Corporate Bond, according to Morningstar. Skandia UK Fixed Interest Blend fund line-up is now: Invesco Perpetual Corporate Bond (16.7%), Royal London Corporate Bond (16.7%), Aegon Sterling Corporate Bond (16....