The latest update of our First Class Funds list has seen rather more changes than normal with a number of funds dropping off the list due to the impact of the Covid-19 pandemic on performance in the early part of the year, with UK equities in particular affected.
One fund of note that is no longer on the list is the popular Schroder Income fund and we felt it would be appropriate to ask them for their comments.
On 30th July Invesco renamed their Invesco Income fund – Invesco UK Equity Income and thier Invesco High Income fund – Invesco UK Equity High Income.
Furthermore, following the recent strategic review of their UK equities fund range, Invesco have merged the Invesco UK Strategic Income Fund (UK) and Invesco UK Equity Income Fund (UK) (formerly known as Invesco Income) with effect from 31st July 2020.
Following a review by Invesco of its UK Equity fund range the Invesco High Income Fund (UK) will change its name to Invesco UK Equity High Income Fund (UK). The change will come into effect from 30 July 2020.