Square Mile has downgraded three Invesco funds and suspended its rating of two others, following the announcement of Paul Causer and Paul Read's retirement.
Invesco bond heavyweights Causer and Read will retire as co-heads of the Henley Fixed Interest team and their leadership responsibilities will be assumed by Michael Matthews and Thomas Moore. In light of that, Square Mile's team of analysts have revised the ratings for some of Invesco's funds. The changes are the following: Invesco Corporate Bond AAA to A Invesco Sterling Bond AAA to A Invesco Monthly Income Plus AA to A Invesco Tactical Bond AAA to Suspended Invesco Distribution AA to Suspended Causer and Read retirement: 'Two Pauls synonymous with the fixed interest c...
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