Invesco has identified two UK equity income funds with a combined £3.6bn in assets that failed to meet performance expectations in its latest assessment of value report. The Invesco UK Equity Income and Invesco UK Equity High Income funds were flagged due to underperformance of their benchmarks, leading to the board placing both strategies "under close review". Other 16 funds were marked as "red" due to inconsistent value to investors. Invesco said it had taken action to remediate performance challenges on all of these funds. However, 36 out of 54 funds met all of their primary objectives according to the report.
Assets languishing in dog funds nearly halves amid pressure to justify value for money portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
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