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.

Related Fund Managers

Paul Boyne
Paul Boyne
96/181 in Equity - Global Equities (Performance over 3 years) Average Total Return: 44.48%
Doug McGraw
Doug McGraw
119/279 in Equity - Global Equities (Performance over 3 months) Average Total Return: 1.73%
Stephen Anness
Stephen Anness
221/250 in Equity - Global Equities (Performance over 1 year) Average Total Return: 3.57%
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