Invesco Perpetual's Mark Barnett is preparing a number of strategies to help preserve the performance of the group's Income funds if Neil Woodford's departure triggers outflows.
Speaking to Investment Week, Barnett (pictured), who will take over the £14bn High Income and £10.6bn Income portfolios when Woodford leaves next April, said Invesco has stress tested the funds' liquidity positions and is prepared for redemptions. "We have done a lot of analysis on liquidity positions within the portfolio, albeit we do not know what the scale of outflows is going to be," he said. "We have thought a lot about different strategies we may use to take care of that." Barnett remained tight-lipped on the exact nature of those strategies, but acknowledged they would invol...
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