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Invesco cuts fees on underperforming European equity income and global small-cap funds
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In the group's latest assessment of value report, the Invesco European Equity Income (UK) and Global Smaller Companies funds both had their respective fees cut after being highlighted as two of the five strategies which failed to deliver value to investors last year. Invesco launches discretionary model portfolio service The £480.1m Invesco European Equity Income fund (UK) has been steadily underperforming its benchmark – the IA Europe ex UK – since 2019, and the £556.8m Invesco Global Smaller Companies fund (UK) has been underperforming the IA Global sector since March 2023, accordin...
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