Invesco flags two former Woodford funds over underperformance concerns

Of the 54 funds included in the firm's value assessment for the year ending 31 December 2022, two were identified as unlikely to be consistently delivering value due to their poor performance.  Throughout the reported period, the board of Invesco Fund Managers said the £1bn Invesco UK Equity Income and £2.5bn Invesco UK Equity High Income funds delivered on their income objectives but failed to deliver capital growth over the long-term "as consistently as we would have liked". The funds underperformed their benchmarks, leading to the board placing both strategies "under close review"....