The Invesco Perpetual UK Growth Fund aims to achieve capital growth in the UK. The fund intends to invest primarily in companies listed in the UK. In pursuing this objective the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions as detailed in Appendix 2 of the most recent Prospectus.
The UK equity market experienced unprecedented levels of market volatility over September, taking its lead from the US. In this environment, economic news took a back seat in determining stockmarket direction. All sectors of the FTSE All-Share index ended the month in negative territory At the stock level, the London Stock Exchange was the best-performing company in the FTSE 100 index, while HBOS was the worst, after seeing its share price fall sharply amid concerns over its future.Against this backdrop, the FTSE All-Share, FTSE 100 and FTSE 250 indices fell by 13.2%, 12.9% and 15.6%, respectively. As a result of the ongoing turmoil in the financials sector, the map of the UK banking industry continued to be redrawn. For instance, Spanish bank Santander - owner of Abbey and soon-to-be owner of Alliance & Leicester - announcedplans to purchase Bradford & Bingley's £24bn deposit book for £612m (Bradford & Bingley's mortgage book is to be nationalised).Meanwhile, HBOS agreed to be purchased by Lloyds TSB for £12.2bn.
949.47p
