Paul Mueller will take over the fund, according to Invesco. Mueller joined Invesco in 2003, worked alongside Loudoun for several years and was secondary cover on his portfolios.
“Jack Loudoun is leaving Invesco to pursue another opportunity in the industry and we wish him well in his new endeavours,” Invesco said in a statement.
“Paul Mueller, an experienced manager of gilt portfolios, will take over fund manager responsibility for the Invesco Gilt Fund and the investment process used to manage the fund will remain unchanged.”
The £87m fund is fourth quartile over 1 year and third quartile over three years, according to data from Financial Express.
OBSR has suspended its A rating on the fund in response to Loudoun’s departure, and says it will meet Mueller “at the earliest opportunity” in order to review the fund.
