Woodford Old Invesco Funds Upgraded

Following a recent Morningstar Analyst Ratings Meeting, Morningstar has upgraded Invesco Perpetual High Income and Invesco Perpetual Income and Bronze

Morningstar Analysts 11 August, 2015 | 1:22PM
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Morningstar has moved the Morningstar Analyst Rating for the Invesco Perpetual High Income and Invesco Perpetual Income funds to Bronze. Both funds previously held a Neutral rating. Morningstar has also initiated coverage of the Invesco Perpetual UK Strategic Income fund with a Bronze rating.

Invesco Perpetual High Income and Invesco Perpetual Income

Following a recent Morningstar Analyst Ratings Meeting, Morningstar has moved the Invesco Perpetual High Income and Invesco Perpetual Income funds to a Morningstar Analyst Rating of Bronze. The funds were previously rated Neutral. Mark Barnett took control of these two funds in March 2014 from Neil Woodford. Barnett broadly shares the same investment philosophy as Woodford.

He mixes a high-level macro overview with bottom-up stock-picking, has a long term focus and a contrarian style. Morningstar has a positive view of Barnett, bolstered by his strong track managing similar mandates such as Invesco Perpetual UK Strategic Income and the Perpetual Growth and Income investment trust. Morningstar has now seen evidence of his ability to cope with the considerable increase in assets under his management, and he has the support of a re-built UK team allowing the fund’s rating to move from Neutral to Bronze.

Invesco Perpetual UK Strategic Income

Following a recent Morningstar Analyst Ratings Meeting, Morningstar has initiated coverage of the Invesco Perpetual UK Strategic Income fund with a Morningstar Analyst Rating of Bronze. Mark Barnett has managed this fund since January 2006. Morningstar has a positive view of Barnett, bolstered by his strong track managing this fund and the Perpetual Growth and Income investment trust which he has run since 1996.

Barnett mixes a high-level macro overview with bottom-up stock-picking, has a long term focus and a contrarian style. Morningstar has now seen evidence of his ability to cope with the considerable increase in assets under his management after he took on Neil Woodford's former funds, and he has the support of a re-built UK team.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Invesco UK Eq High Inc UK Inc331.43 GBP0.39Rating
Invesco UK Equity Inc UK Inc1,311.95 GBP0.39Rating

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