Invesco disposes of illiquid assets across UK equity mandates

Liquidity review

Invesco has made the decision to sell out of illiquid holdings in its UK equity mandates and reallocate capital to large- and mid-cap holdings.

The decision follows an ongoing review into the underlying liquidity in the funds, notably Mark Barnett's £4.6bn Invesco High Income and £2.1bn Invesco Income funds, which have come under scrutiny over the past year, following the fall from grace of former Invesco manager Neil Woodford - who ran highly illiquid portfolios - and the collapse of Woodford Investment Management. Mark Barnett's income portfolios hit with further outflows - reports A spokesperson for Invesco commented: "Given a significant shift in risk tolerance towards illiquid or unquoted assets in the last year, and rec...