New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Mark Barnett goes back to basics after 'frustrating' run

Invesco Perpetual Income and High Income manager says he has re-examined some of his major holdings after heavy share price falls.

Mark Barnett, manager of the £10.5 billion Invesco Perpetual High Income and £5.2 billion Invesco Perpetual Income funds, has suffered a difficult 18 months, hurt by heavy share price falls from a number of major holdings like Provident Financial (PFG), Capita (CPI), BT (BT) and Allied Minds (ALML).

In a video interview in the Citywire studio, Barnett said his run of poor performance had been ‘very frustrating’ and admitted he could have better anticipated the impact of political uncertainty on some of his stocks.

‘Every year there are stocks that don’t work out in the way you’d anticipated. In the last year I’ve had too many of those,’ he said.

But he insisted that after re-examining stocks like Provident Financial and BT after their poor performance, he was convinced his original investment rationale was still intact.

 

 

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content

Related Fund Managers

Mark Barnett
Mark Barnett
83/86 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 9.71%
More Content

BUSINESS

1 Comments Lloyds & Schroders to form advice goliath on back of £80bn mandate

Lloyds & Schroders to form advice goliath on back of £80bn mandate

Lloyds and Schroders have confirmed a ‘strategic partnership’ which will see them form a new financial planning joint venture and Schroders handed a £80 billion investment mandate.

ADVICE

Tax Dr: Pension health check prescribed to retiring NHS workers

Tax Dr: Pension health check prescribed to retiring NHS workers

Jack and Jane are advised to crystallise their savings to protect their lump sums from hefty tax charges

twitter_banner

INVESTMENT