Mark Barnett's Invesco High Income and Invesco Income funds are "more balanced" than Neil Woodford's, according to industry commentators who do not expect those funds to suffer a similar fate to Woodford Investment Management's.
The LF Woodford Equity Income fund (WEIF) was gated in June after a run of investor redemptions led to a liquidity crisis, before it was announced the fund would be wound up four months later. The fund's assets had sunk by two-thirds in the space of two years, forcing Woodford to sell his most liquid assets in order to meet those redemptions. The episode shone a light on open-ended equity funds that hold unquoted stocks, of which Barnett's funds, inherited from Woodford upon his departure from Invesco in 2013, are the most high profile. Barnett runs money in a similar manner to Woo...
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