The Invesco Perpetual Income Fund aims to achieve a reasonable level of income, together with capital growth. The fund intends to invest primarily in companies listed in the UK, with the balance invested internationally.
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 - announced plans 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.
100.26p
