Invesco Perpetual has announced that Mark Barnett's Invesco Perpetual High Income fund will move out of the IMA Equity Income sector and into the IMA UK All Companies sector on 31 March.
It added that, due to similarities in approach, the Invesco Perpetual Income fund and the Invesco Perpetual Strategic Income fund are also likely to move into the same sector later in 2014. The changes, Invesco said, are "due to the constraints around the three year yield requirement used as a qualifier for the IMA Equity Income sector". The funds are among several to be effectively forced out of the sector in recent years, a trend first reported by Professional Adviser sister title Investment Week in 2012. Mark Barnett took control of Neil Woodford's (pictured) £8.4bn Income and £...
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