HL’s Dampier to join Invesco trust board

HL’s Dampier to join Invesco trust board

Hargreaves Lansdown investment research head Mark Dampier is to join the Invesco Income Growth Trust as a non-executive director.

Mr Dampier takes up the role at the £148m trust at the beginning of March, and said it would allow him to focus on what he described as “a favourite sector of mine”.

The trust, which is managed by Ciaran Mallon, aims to produce income and capital growth superior to that of the UK stock market, with quarterly dividends that grow above the rate of inflation over time.

According to FE Analytics, over three years the trust has returned 15.7 per cent, compared to 17.3 per cent from its peer group, the AIC UK Equity Income sector.

Hugh Twiss, the trust’s chairman, said: “Mark brings with him a wealth of experience and wide knowledge of the investment trust world.

“His practical involvement, through Hargreaves Lansdown, in the huge growth of unadvised investors over recent years will greatly assist the board in meeting its objective of making the trust as appealing and accessible as possible.”