Invesco disposes of illiquid assets across UK equity mandates

The decision follows an ongoing review into the underlying liquidity in the funds, notably Mark Barnett's £4.6bn Invesco High Income and £2.1bn Invesco Income funds, which have come under scrutiny over the past year, following the fall from grace of former Invesco manager Neil Woodford - who ran highly illiquid portfolios - and the collapse of Woodford Investment Management. A spokesperson for Invesco commented: "Given a significant shift in risk tolerance towards illiquid or unquoted assets in the last year, and recent market dislocation and opportunities arising, we have decided that i...