Funds gaining and losing their ratings this spring
Following its interim investment committee meeting, FundCalibre has awarded six funds an Elite Radar...
Invesco has announced that Nick Mustoe is stepping down from his role of CIO and lead fund manager of Elite Rated Invesco Global Equity Income fund at the end of 2019.
Stephanie Butcher will succeed Nick as CIO of the Henley Investment Centre and Stephen Anness will take on the lead manager role for the Invesco Global Equity Income fund. Stephanie will work alongside Nick for a transition period and assume the role of Chief Investment Officer from 1 January 2020.
Unfortunately, as the new manager does not have the minimum three-year tenure on the fund to pass our screening process, the fund must lose its Elite Rating.