Fourth Invesco Perpetual fund to exit UK Equity Income sector

The fund, run by Ciaran Mallon (pictured), is the fourth Invesco Perpetual portfolio to move from the UK Equity Income sector to the UK All Companies sector over the past 12 months, following in the footsteps of Mark Barnett's High Income, Income and UK Strategic Income funds last year. The Income and Growth fund is set to leave the sector on 27 February. All four funds have been moved because they failed to meet income sector requirements which stipulate funds must have a yield in excess of 110% of the FTSE All Share yield over a rolling three-year period. Two St James's Place fun...