Invesco European top quartile over six months

manager of £825m portfolio alister hibbert to maintain offensive tilt on fund

Despite losing its A rating from Standard & Poor's last month, the Invesco Perpetual European Growth fund is currently enjoying short-term outperformance that belies its poor three-year numbers. Alister Hibbert, manager of the £825m portfolio, said the recent performance bounce, which has made the fund top-quartile over the past six months, is primarily due to market conditions changing to favour its defensive growth stance, with overweight positions in areas such as consumer staples and healthcare. Commenting on S&P stripping European Growth of its rating, Hibbert said it is disap...