IBOSS ditches Invesco Perpetual fund for Ardevora in buy list shuffle

Global equity funds swapped

Portfolio management provider IBOSS has swapped the Invesco Perpetual Global Equity Income fund for Ardevora's Global Equity fund in the latest quarterly review of its model portfolios.

The group, which runs a range of white-label products for wealth managers, has also re-introduced the £660m Unicorn UK Income fund to its buy lists, having initially removed it in 2013 due to capacity fears. The firm has dropped the £785m Invesco Perpetual Global Equity Income, managed by CIO Nick Mustoe and the global equity income team, replacing it with Jeremy Lang's £380m long/short Ardevora Global Equity fund, in an effort to gain "a more macro approach" to its global exposure. Chris Metcalfe (pictured), IBOSS's investment director, said: "Throughout our meeting with Lang it beca...