“It might be nitpicking,” Mr Goldsmith said, but added: “Scoring it strictly it hasn’t done what it said on the tin. I have a huge amount of respect for the team members, but we have elements of doubts in Invesco as a whole and [GTR’s] relationship with other teams.
“So it isn’t our highest conviction pick until those things are ironed out.”
Invesco declined to comment.
70: Number of people working in Standard Life Investments' multi-asset team
12: Size of Invesco Perpetual's multi-asset team on its GTR fund