Invesco Perpetual's Boyne and McGraw exit

Invesco Perpetual global equity income managers Paul Boyne (pictured) and Doug McGraw have left the group to take up new roles at a North American firm.

The pair's £300m Invesco Perpetual Global Equity Income fund will now be managed by CIO Nick Mustoe, supported by the asset manager's global equity team. Invesco said it will hire a new fund manager to the team in the New Year. "We are committed to our global equity income franchise in which we have invested significant resource over the last four years and we look forward to building on these foundations in 2013 and beyond," Mustoe said. The fund has returned 36.8% over the three years to 6 December, according to Morningstar, compared with an IMA Global Equity Income sector averag...