Invesco flags two former Woodford funds over underperformance concerns

Combined £3.6bn in assets

Valeria Martinez
clock • 3 min read

Invesco has flagged two UK equity income funds with a combined £3.6bn in assets in its latest assessment of value report, due to failing to meet performance expectations.

Of the 54 funds included in the firm's value assessment for the year ending 31 December 2022, two were identified as unlikely to be consistently delivering value due to their poor performance.  Throughout the reported period, the board of Invesco Fund Managers said the £1bn Invesco UK Equity Income and £2.5bn Invesco UK Equity High Income funds delivered on their income objectives but failed to deliver capital growth over the long-term "as consistently as we would have liked". The funds underperformed their benchmarks, leading to the board placing both strategies "under close review"....

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

FundCalibre adds Regnan Sustainable Water and Waste to 'Elite Rating' suite

FundCalibre adds Regnan Sustainable Water and Waste to 'Elite Rating' suite

Two other funds added to watchlist

Linus Uhlig
clock 13 November 2024 • 2 min read
Baillie Gifford Japanese fund added to Hargreaves Lansdown Wealth Shortlist

Baillie Gifford Japanese fund added to Hargreaves Lansdown Wealth Shortlist

Despite recent underperformance

Linus Uhlig
clock 13 November 2024 • 2 min read
Jupiter India relegated from Fidelity's top ten most-bought funds as investors turn defensive

Jupiter India relegated from Fidelity's top ten most-bought funds as investors turn defensive

Move towards energy trusts

Linus Uhlig
clock 12 November 2024 • 2 min read
Trustpilot