Invesco's Barnett: I am ready to hike cash to manage Woodford outflows

Invesco Perpetual's Mark Barnett is preparing a number of strategies to help preserve the performance of the group's Income funds if Neil Woodford's departure triggers outflows.

Speaking to Investment Week, Barnett (pictured), who will take over the £14bn High Income and £10.6bn Income portfolios when Woodford leaves next April, said Invesco has stress tested the funds' liquidity positions and is prepared for redemptions. "We have done a lot of analysis on liquidity positions within the portfolio, albeit we do not know what the scale of outflows is going to be," he said. "We have thought a lot about different strategies we may use to take care of that." Barnett remained tight-lipped on the exact nature of those strategies, but acknowledged they would invol...