Manager change for Invesco Perpetual Enhanced Income – Invesco Fund Managers Limited have written to the board of Invesco Perpetual Enhanced Income (IPE) telling them that it intends to stand down as manager of the fund.
The investment manager is required to give twelve months notice in writing. The board has replied to the manager acknowledging its intention to withdraw as manager. Arrangements are being made for the change including the details of the transition period. In the meantime, the board, with JPMorgan Cazenove, are looking for a new manager to take Invesco’s place.
Further announcements from the company will be released in due course and will be reported on this site.
The board of Invesco Perpetual Enhanced Income says in its news announcement to the market “In the meantime shareholders are recommended to take no further action until the conclusion of the replacement manager process.”
More on Invesco Perpetual Enhanced Income
The company’s principal objective is to provide shareholders with a high level of income whilst seeking to maximise total return through investing in a diversified portfolio of high yielding corporate and government bonds. The company may also invest in equities and other instruments that the manager considers appropriate. The company seeks to balance the attraction of high yield securities with the need for protection of capital and to manage volatility. The company generally employs gearing in its Investment Policy.