Following the announcement that Mark Barnett has taken over the Invesco Perpetual Income and Invesco Perpetual High Income funds from Neil Woodford with immediate effect, we are maintaining both funds’ Morningstar OBSR Analyst Ratings™ Under Review. The funds’ Morningstar OBSR Analyst Ratings of Gold were initially put Under Review on October 15th 2013 when Invesco announced that Neil Woodford would be leaving the firm and handing over the management of his funds to Mark Barnett on April 29th 2014. The fact that Invesco has brought forward their timescale will bring clarity sooner, both for investors and also for Mr Barnett as the manager. He can now start to transition the funds as he sees fit and we will meet with him in the coming months to review the situation and assess his plans for the funds.
See the latest Morningstar OBSR fund rating news here.
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