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Barnett funds hit by unquoted writedown

Barnett funds hit by unquoted writedown

Invesco Income (GB00BJ04HX60) and Invesco High Income (GB00BJ04HQ93), UK equity funds run by Mark Barnett, have suffered a fresh blow after Invesco marked down the value of their unquoted holdings by 60 per cent. The markdowns were made after a review by the company’s pricing committee and reflect current market conditions. Invesco now plans to entirely dispose of these funds' unquoted investments, which represented 5.2 per cent of Invesco High Income's assets at the end of January, and 5.8 per cent of Invesco Income's assets.

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