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.Continue reading “Invesco High Income Fund – Changes”
It was announced on 1 July that Jupiter Fund Management plc’s acquisition of Merian Global Investors Limited was completed.
The Merian business now forms part of the Jupiter Group and moving forward, the fund managers will work together under the Jupiter brand.Continue reading “Jupiter completes Merian acquisition”
The Bank of England have announced today that it will inject an extra £100bn into the UK economy to help fight the economic downturn caused by coronavirus after voting 8-1 to increase the size of its bond-buying programme.
However, in positive news they said there was growing evidence that the hit to the economy would be “less severe” than initially feared.
Interest rates remain unchanged at a record low of 0.1%.
It has been announced today (15th May 2020) that Mark Barnett will leave Invesco after working at the company for 24 years, with immediate effect. This comes after a review of their UK Equity product range following a period of disappointing performance and listening hard to client feedback.Continue reading “Mark Barnett to leave Invesco”
As the fight against Covid-19 continues, I wanted to share with you the most clear and concise summary of the situation I have come across from Terry Smith, CEO of Fundsmith LLP and manager of the highly rated Fundsmith Equity Fund.
Terry has written to all investors in his fund, the letter can be read in full here
Past performance is not a guide to future returns and the value of an investment and the income from it can fall as well as rise. This should not be regarded as a recommendation or solicitation to invest. If you are in any doubt about the suitability of an investment for your needs, you should seek professional advice.