Investment trust commentators are divided on what action is in the best interests of shareholders in the £123m Invesco Perpetual Enhanced Income trust (IPE) as the battle intensifies between its board and manager Invesco Perpetual following a disagreement on fees, with some believing there is "an important piece of information missing".
On 23 April, Invesco gave 12 months' written notice to the board of the trust, which has been managed by fixed income stars Paul Read and Paul Causer since 2004, stating it would be resigning over "contractual...
Will no longer be published from 2021
Latest news and analysis
Lowest measure since index launched in 1995
Will be 'core to all great portfolios'
Why the traditional approach of combining bonds and equities is not the best way to improve risk-adjusted returns
Partner Insight: The way in which bonds have been so successfully combined with equities in the past 35 years has been contingent on them delivering high returns in periods of equity market stress. Yet in half of the 20-year periods over the past 120...