Invesco's Barnett looks to distance himself from Woodford crisis - reports

Insists funds are balanced

Mark Barnett, the fund manager that took over management of Neil Woodford's funds at Invesco when he left to set up his own business, has said his funds follow a more balanced approach and should not be compared to Woodford's new product.

Barnett's Invesco Income fund and Invesco High Income funds have struggled since Woodford's departure in terms of performance, but the manager has insisted his approach is different to the star manager's, the Financial Times reports. Following the suspension of Woodford's flagship fund on 3 June to prevent investors pulling money while simultaneously refusing to waive fees, Woodford has been met with heavy criticism. In response to this, Barnett - who became the new head of UK equities for Invesco in 2014 and worked with Woodford for 17 years - has insisted his funds have a more balan...