Bearish Barnett keeps defensive stance

Invesco Perpetual manager convinced bear market views will win out, citing flawed theories in current cyclicals trend.

Invesco Perpetual's Mark Barnett is maintaining a defensive stance across his four portfolios, convinced a bearish approach will win in the current environment. As well as his £41.6m UK Strategic Income fund, Barnett runs the group's flagship investment trust, the £473m Perpetual Income and Growth Trust (Pigit), £171m Keystone Investment Trust and manages the £39.3m UK Equity Share Portfolio, a constituent part of the group's £107.4m Perpetual Select Trust. Barnett joined the group 12 years ago, and inherited Strategic Income in 2007. Where do you stand on the bull/bear debate? The...