Invesco Income Growth has outperformed the FTSE All-Share over the past 12 months, due to a switch f...
Invesco Income Growth has outperformed the FTSE All-Share over the past 12 months, due to a switch from technology to value stocks. Trust manager Graham Kitchen's thematic investment approach has produced growth in NAV of 14% during the year to 4 July, in contrast the FTSE All-Share fell by 1%. Kitchen said part of the performance was due to selling out of some growth companies in the first part of the year and buying into value stocks. One stock he highlighted was Debenhams, which he bought at 145p and is currently priced at 220p. Kitchen said: "The shares were unbelievably cheap conside...
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