Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a731004

Mark Barnett: it will be a challenge, but my process is scalable

by Robert St George on Jan 29, 2014 at 11:44

Mark Barnett: it will be a challenge, but my process is scalable

Citywire AA-rated Mark Barnett has argued that his investment approach will enable him to manage larger sums of money, but acknowledged that it will be a challenge.

‘The honest answer is I don’t know,’ Barnett (pictured) admitted on the issue of whether he can cope with handling tens of billions of assets. He has recently taken on the £1.4 billion Edinburgh Investment Trust after Invesco retained the fund’s mandate. This will take assets under Barnett's management to more than £26 billion; at this point last year he oversaw less than £5 billion.

However, Barnett contended that his focus on long-term investments – his average holding period is 4-5 years – was ideally suited for huge funds. ‘With much larger sums of money, that is reinforced,’ he commented. 'You have to take decisions that will last and support businesses over the long term.’

He added: ‘My approach, style and philosophy lends itself to large funds. My belief is my process is scalable to larger sums of money.’

Barnett also noted that he was assisted by the broader UK equities desk in Invesco. ‘Importantly, I’m not doing it on my own,’ he remarked. He confirmed too that ‘there is some recruitment going on’ for his team.

As well as fellow fund managers, Barnett highlighted the contribution of the firm’s dealers. While the outflows from funds such as Invesco Perpetual Income and Invesco Perpetual High Income were still being handled by Neil Woodford, Barnett revealed that he viewed the process as an opportunity to reshape the portfolios.

‘My stance would be to try to fund the redemptions in a way which is unpredictable and as anonymous as possible. You don’t want to make the changes where the market sees it coming.’

leave a comment

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

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

The Citywire guide to investment trusts

Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the funds

  • Invesco Perpetual UK Strategic Inc (No Trail) Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual Income Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual High Income Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the investment trusts

  • Perpetual Income & Growth (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Keystone (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perp Select UK Equity (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Edinburgh Investment (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Mark Barnett
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Neil Woodford
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

More

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet