Thames River Multi-Capital’s co-heads Rob Burdett and Gary Potter have switched Invesco funds, Financial Times reports. The duo has sold their exposure to the Invesco Perpetual Corporate Bond fund in their £210.8 million Thames River Distribution fund.
The duo has switched to the £535.7 million Invesco Sterling Bond fund, run by Michael Matthews. The £5.7 billion Corporate Bond fund is run by Paul Causer and Paul Read. The move follows their revised assessment of the Sterling Bond fund, which is smaller, has broader investment remit and is more orientated towards the fund’s investment strategy.
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