Read and Causer bet on Spanish and Italian bonds


Invesco Perpetual's Paul Causer and Paul Read have allocated almost a quarter of their £398 million Tactical Bond fund to Spanish and Italian bonds in the view the countries are "too big to fail". The fund management executives had an exclusive interview with sister publication Investment Week this morning.

Causer and Read said they are exploiting a “short-term tactical opportunity” by building up a 13.5% position in Italian government bonds and 9.2% in Spanish – taking overall exposure in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here