Invesco shutters Balanced Risk 8 fund due to shrinking assets

Now holding £13.6m in assets under management, the fund has seen outflows of more than £350m since December 2020, according to data from FE fundinfo.  Scott Wolle, CIO for the Invesco Global Asset Allocation team, had been the portfolio manager of the strategy since launch February 2012, alongside the Invesco Balanced Risk 10 fund. In the last five years, Balanced Risk 8 returned 12.7%, while the IA Volatility Managed sector gained 18.5% over the same time period. Over the last year, it lost 10.2%, while the sector fell 1.7%. Invesco calls time on six funds with under £20m in asset...