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Invesco manager Ho quits firm

Invesco fund manager Samantha Ho has left the firm.

Ho was lead manager of the group’s £175m Hong Kong and China fund as well as lead manager on the £896m Invesco PRC equity fund.

Ho, who worked at Invesco’s Hong Kong arm, has been replaced on the Hong Kong and China fund by Mike Shiao, who has headed the offshore £450m greater China equity fund since January 2008. He will be supported by Lorraine Kuo, his co-manager on the offshore fund. Kuo joined Invesco in September 2011.

Joseph Tang, previously co-manager of the Invesco PRC equity fund, has taken over as lead manager on the fund.

A letter sent by Invesco to investors says: “Shiao and Kuo are very well qualified and we are confident they will continue to successfully apply our fundamental research-based, mainly bottom-up approach focusing on management/franchise value, earnings growth and valuation into the Invesco Perpetual Hong Kong & China fund.”

Bestinvest senior investment adviser Adrian Lowcock says he is concerned about the transition. He says: “Ho has a good track record on the Hong Kong & China fund and Invesco have a lot of expertise in the Asia area and the managers have experence of running money there.”

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