Invesco Income Funds Intertwine
Following the retirement of Paul Causer and Paul Reed last year, Invesco has proposed the merger of its European High Income mandate into its Global Income strategy – both funds previously managed by the duo. This comes about as part of a revaluation of the company’s fund range, which found that this move would benefit investors through a broader exposure to both equity and debt; the Global fund also having a significant exposure to Europe as well as sharing its benchmark, objective, and style with the European fund.
The merger is expected to take place 25th February 2022, assuming shareholder approval with costs of the transition being borne by the fund and ongoing charges expected to be equal to or lower than the European High Income fund.
7th January, 2022