Henderson and Invesco Perpetual join groups planning return to UK Equity Income sector

Following IA sector consultation

Henderson and Invesco Perpetual are applying for certain funds to be returned to the Investment Association's UK Equity Income sector following the decision to lower the yield hurdle, Investment Week understands.

Henderson said it would be looking to have its £478m UK Equity Income & Growth fund, managed by James Henderson (pictured), repositioned once again within the IA UK Equity Income sector following its removal in 2013, when it was called the Henderson UK Equity Income fund, for failing to meet the previous yield target of 110% of the FTSE All-Share over a three-year rolling period. Meanwhile, Investment Week understands Invesco Perpetual is applying for its £521m Income & Growth fund to be included in the peer group after its exile to the UK All Companies sector in 2015. There are curre...