Invesco sees investors pull £7.5bn from its open-ended funds

Investors have pulled an average £625m a month from open-ended funds managed by Invesco in the 12 months ending in August, according to data from Morningstar. In total, Invesco saw £7.5bn being withdrawn from investors in the year to the end of August. Almost 12% of that amount ( £929m) was pulled in August alone, the figures reveal. The firm now has £46bn of assets under management (AuM). During the same 12 months, M&G saw outflows of £11.3bn, with £182m pulled in August. The M&G Property Portfolio fund was the worst hit. Net outflows from UK property funds soared over the summer,...