Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Invesco cuts fees on Barnett and Mustoe’s trust

Invesco cuts fees on Barnett and Mustoe’s trust

Invesco has cut the charges on its closed-ended fund of funds.

The Invesco Perpetual Select Trust is an umbrella structure for four discrete strategies, including a UK equity portfolio managed by Citywire AA-rated Mark Barnett (pictured) and a global equity sleeve run by chief investment officer Nick Mustoe.

The firm has lowered the basic management fees from 0.75% to 0.65% on both mandates and brought down the maximum performance fee payable on both portfolios from 0.75% to 0.65%.

No changes have been made to the fees of the other two elements of the trust: a money-market portfolio under AA-rated Stuart Edwards and a multi-asset segment headed by Scott Wolle.

James Carthew, director of Marten & Co, has argued the trust's structure comes into its own if 'investors fear triggering capital gains tax but want to be able to switch between asset classes, to match changes in their risk appetite or to time markets’.

Leave a comment!

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

Related Fund Managers

Scott E. Wolle
Scott E. Wolle
110/132 in Mixed Assets - Balanced (Performance over 3 years) Average Total Return: 21.56%
Stuart Edwards
Stuart Edwards
36/65 in Bonds - Global (Performance over 3 years) Average Total Return: 9.74%
Mark Barnett
Mark Barnett
15/76 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 71.17%
Nick Mustoe
Nick Mustoe
19/46 in Equity - Global Equity Income (Performance over 1 year) Average Total Return: 8.46%
Citywire TV
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter