Invesco Perpetual's Walker refocuses UK Growth

Invesco Perpetual's Martin Walker has turned over several underperforming holdings in the UK Growth f...

Invesco Perpetual’s Martin Walker has turned over several underperforming holdings in the UK Growth fund since he inherited it in June. Veteran UK equities manager Ed Burke handed the £886m portfolio to his successor when he left the group earlier this year. Walker has since refocused the vehicle, bringing it more into line with his existing mandates - UK Focus, UK Opportunities and the Children’s fund. He has stripped out some stocks that had held back UK Growth’s returns over the last year in favour of higher conviction ideas. Walker sold Lloyds TSB and Alliance & Leicester in the ...