Invesco fund opened to Britons

Invesco Perpetual has launched a distribution share class of its Dublin-based AAA-rated Invesco Sterling Bond fund, opening it up to UK-resident investors for the first time. The UK Finance Act 2004 allows for a distributing share class to sit under the same unit trust umbrella as an accumulating share class. Without a distributing share class, the fund was tax-inefficient for Britons. The key benefit of a distribution share class is that income is paid out as dividends on a quarterly basis. There is no drain on capital as distributions are taken from income and not subsidised from capit...