Fund Objective

The Invesco Perpetual UK Key Trends Fund aims to achieve long-term capital growth

View on Past Performance

The UK equity market ended August comfortably in positive territory, as reflected by the 5.0% rise in the FTSE All-Share index. Other FTSE indices also had a strong run over the month, with the FTSE 100, FTSE 250 and FTSE SmallCap ex IT rising by 4.9%, 6.3% and 4.9%, respectively.A softening in commodity prices, M&A activity and hope that the US economy may be in better health than previously expected were just a few of the reasons behind the UK equity market's robust performance over August. On the economic news front, consumer price inflation came in at 4.4% year-on-year (y-o-y) in July versus 3.8% y-o-y in June - more than double the target rate of 2% and the highest reading since records began in 1997.Meanwhile, July retail sales unexpectedly rose by 0.8% month-on-month (m-o-m) after falling by 4.3% m-o-m in June, while July unemployment (claims for jobless benefit) rose the most in 16 years, by 20,100 to 864,700. Both pieces of data were supplied by the Office for National Statistics.

Fund Details