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Trust Manager Quits Invesco
Invesco Perpetual Select Trust’s manager Bob Yerbury will be giving up his position.
Invesco Perpetual Select Trust’s manager Bob Yerbury will be giving up his position, Financial Times reports. The trust will now be managed by Invesco’s Atlanta-based Global Strategies team.
The move is part of broader changes and overhauling of the portfolio, with the firm eyeing a 3.5 percent dividend yield. It is also looking at giving up the trust's fund-of-hedge-funds strategy in favor of a long-only equity strategy.
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