The £3.9bn Jupiter Merlin Income Portfolio managed by John Chatfeild-Roberts, Mark Barnett's £6.4bn Invesco Perpetual Income, and Jonathan Asante's £2.3bn Stewart Investors Global Emerging Markets Leaders are some of the largest funds being kicked out of FE's Invest Approved fund list and its model portfolio service in the latest reshuffle.
Rob Gleeson (pictured), head of FE Research, said: "We have been quite stringent this time round and have had a bit of a clear-out. "Our focus has been to reduce duplication and some big names have been dropped because they are too similar. For example, IP Income has been taken out, but we have kept in Strategic Income. "We have also reduced exposure to classic multi asset reflecting a move to risk-targeted fund solutions, which we will be adding in due course." Stewart, Frost and Kirrage among managers losing FE Alpha Manager ratings Other funds out of the door include the £1.4b...
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