Invesco Perpetual is planning to merge its US Aggressive and US Smaller Companies funds into its £274...
Invesco Perpetual is planning to merge its US Aggressive and US Smaller Companies funds into its £274m US Equity fund. The newly merged vehicle will focus on investment in larger companies and will be run by US fund manager Andrew Shard, who joined the group in November 2007. He replaced Ian Brady, former manager of the three-strong range. The vehicles had consistently underperformed during his tenure. The group confirmed plans to expand the US team in the future. CEO Bob Yerbury said: “In focusing our investment expertise into a single broad-cap US equity Fund and with the recent appo...
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