pa analysis nobody spotted Invesco failings
The unanswered question coming out of the FCA fining Invesco Perpetual £19m yesterday is: why did nobody else spot this?
The unanswered question coming out of the FCA fining Invesco Perpetual £19m yesterday is: why did nobody else spot this?
Investors were not clearly informed of risks and the firm’s use of derivatives, the financial regulator has said.
Mark Barnett says uncertainty over the strength of economic growth in emerging markets, particularly China, is not supportive for global growth.
SJP to pull £8bn out of Invesco Perpetual as it follows Woodford to his new venture
The fund will now be categorised under the IMA UK All Companies sector from 31 March.
The firm is boosting its UK equities team with two new product directors and an investment analyst.
The Global Financial Capital Fund will now have Julien Eberhardt as deputy fund manager.
The former Royal Airforce pilot and now head of private investment management (offshore) at Isle of Man based Thomas Miller picks six funds which are commonly found within his clients’ portfolios.
In giving Neil Woodford’s funds over to Mark Barnett ahead of schedule, Invesco Perpetual has forced the hand of investors still sitting on the fence, but it has also given the new manager a chance to stamp his mark.
Two months ahead of schedule, Barnett has taken over management responsibility of Invesco’s income funds. from Neal Woodford.
Speculation over the future of Woodford Investment Management is understandably rife, and will undoubtedly gain momentum over the next 10 weeks or so until the 'big reveal'.
Neil Woodford is understood to be preparing a UK equity income fund that looks remarkably similar to that which he ran at Invesco Perpetual.