Barnett ousted from PLY: Justified or a 'Doctor Doom' moment?
Could spell bottom for value, say experts
Monday's news (6 April) that Mark Barnett and Invesco will no longer be running the Perpetual Income and Growth trust (PLY) comes as "little surprise" to many investment professionals given its underperformance over recent years, but will likely be viewed as an attractive prospect for fund managers given its shareholder base and 'dividend hero' status.
Others, meanwhile, have questioned whether the removal of Barnett from the £620m trust resembles the sacking of well-known contrarian manager Tony Dye in 2000, who avoided tech stocks during the run-up...
More on Investment
Spooked investors return to retail funds with £4bn April inflows - IA stats
Record outflows in March
Nicky Morgan: Covid-19 job losses and business failures inevitable
What next for UK financial services?
Jack Rose: Why is now a good time to invest in a younger VCT?
Benefit of a fresh start
Mike Barrett: Happy Woodford Day
12 months on
Talking at home with…. SVM's Colin McLean
Square Mile's series of informal interviews
More news
Advice firm saves cricket club from folding during lockdown and other good news stories of the week…
Supporting local business
FCA's Megan Butler gives punchy warning on phoenixing and 'lifeboating'
PIMFA Virtual Fest
Spooked investors return to retail funds with £4bn April inflows - IA stats
Record outflows in March
Tributes paid to Nucleus account director Mike Wallis
Died from motor neurone disease