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Invesco admits £16bn funds failing to meet target


Invesco admits £16bn funds failing to meet target
Fund group admits 15 of its funds have lagged benchmark
Invesco s performance has deteriorated
One of Britain’s largest fund managers has admitted funds housing £16bn of savers’ money have failed to meet its targets for investment returns.
Invesco said 15 of its funds had lagged their benchmarks for more than half the time over the past decade. A further 15 of the 44 assessed, holding £6bn of assets, did not perform as consistently as the fund group would have liked.
The £3.2bn Invesco UK Equity High Income and £1.4bn Income funds, managed by Mark Barnett before his departure from Invesco last year, were among the worst performers. They have lost 10.3pc and 8.9pc respectively over the past five years while the average fund in its sector has made 46pc. ....

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Fund Flows: Active Trounces Passive in Equity Rally


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