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.

Mustoe steps in as Invesco Perpetual loses global equity income duo

Mustoe steps in as Invesco Perpetual loses global equity income duo

Nick Mustoe, chief investment officer at Invesco Perpetual, is taking on the management of the firm’s Global Equity Income fund following the departure of Paul Boyne and Doug McGraw.

Invesco said the changes take place with immediate effect on Boyne and McGraw’s decision to leave for another company based in North America.

In running the fund, Mustoe will keep in place the same investment strategy and will be supported by the Global Equity Group.

The firm said a new manager for the fund will be appointed in the New Year.

Mustoe said in a statement: ‘We are committed to our global equity income franchise in which we have invested significant resource over the last four years and we look forward to building on these foundations in 2013 and beyond.’

Only earlier this week the firm revealed a manager reshuffle, designed to focus more on its global equity arm.

As part of this move, Stephen Anness is taking over the firm’s £53 million Global Opportunities fund from the start of next year, passing over the management of his UK Aggressive fund to Martin Walker.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Wealth Manager on Twitter