The Big Interview: Mark Barnett

THE BIG INTERVIEW

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Mark Barnett manages the £579m Perpetual Income & Growth Investment Trust (PIGIT) and is part of the highly regarded Invesco Perpetual UK equities team. Here, he outlines his views on where we are in the cycle, the probability of a double-dip recession and the prospect for government-related companies in the face of public sector cuts

Your fund management group is well known for its focus on what is called an equity income strategy, which you operate within your own funds, but with a growth bias – a reliable or quality growth strategy. It has not been an easy year for this strategy, with classic defensive stocks underperforming the market. There is some evidence markets are changing their tune though. Do you think we are at the beginning, middle or end of a retreat to safety? We are in my view hardly even starting. The market’s willingness to buy cyclicality, to buy into cyclical recovery has over the last year prope...

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