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Mark Barnett's former Invesco funds continue to bleed cash


Mark Barnett’s former Invesco funds continue to bleed cash
UK Equity High Income hit by outflows of £536m despite new management, according to Morningstar estimates
Mark Barnett’s former Invesco funds have continued bleeding cash one year after his departure despite a fresh change in leadership and a brighter outlook for value stocks.
The Invesco High Income and Income funds had been battered by redemptions since Barnett (pictured) inherited the mandates from his predecessor Neil Woodford. In 2019 amid the implosion of Woodford’s fund empire and a continued run of bad performance the funds saw an exodus of cash, shedding £1.8bn and £773m respectively, according to data from Morningstar. ....

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Invesco Select Trust Plc - Statement re Scheme Entitlements


Invesco Select Trust Plc - Statement re Scheme Entitlements
PR Newswire
London, April 23
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.
23 April 2021
The Board of Invesco Select Trust PLC (the
Company or
IST ) is pleased to announce that the Company will acquire approximately £122.5 million of net assets from Invesco Income Growth Trust plc (
IIGT ) in consideration for the issue of 66,628,879 New Shares of the UK Equity Share class in connection with the reconstruction of IIGT (the ....

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Mark Barnett Tellworth comeback 'chance for a fresh start' free from Woodford's shadow


Opportunity to start with a blank sheet of paper and free from Woodford unquoteds
Chelsea Financial Services managing director Darius McDermott said Tellworth is a “chance for a fresh start” for Barnett whose final years at Invesco were marred by torrid performance and heavy outflows.  
“Mark had a bad time of it at the end of his time at Invesco – taking on huge funds that stayed in redemption over his tenure, coupled with his style being out of favour, was a combination that he and his investors never really recovered from,” McDermott said. 
At the time of Barnett’s departure his Invesco High Income and Income mandates were lingering near the bottom of the IA UK All Companies sector, sitting on losses of 40% over three years. ....

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