Investments  

The Adviser Centre recommends Barnett’s Income fund

Invesco Perpetual’s Mark Barnett has been given the seal of approval by rating agency The Adviser Centre.

Mr Barnett’s Invesco Perpetual Income fund has been added to the rating agency’s list of “recommended” funds.

The fund has suffered extensive outflows since Mr Barnett took on the management from Neil Woodford, but Gill Hutchison, head of investment research at City Financial, said Mr Barnett had handled the “challenges of this transition period well”.

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Ms Hutchison said Mr Barnett had “placed his own stamp on the fund without altering the overarching total return approach”.

Since taking on the fund, Mr Barnett has delivered a top quartile return of 3.2 per cent, compared to the IMA UK All Companies sector average of a 5.3 per cent loss, according to data from FE Analytics.

Mr Woodford’s rival CF Woodford Equity Income fund is not yet on The Adviser Centre’s list of recommended funds.