LONDON (Reuters) – Invesco said on Tuesday it would sell all the unquoted companies currently held in its UK equities portfolios and has marked down their value by 60% as a result of recent coronavirus-fueled market falls.
The U.S.-based manager said it would reinvest the money in publicly listed companies, valuations of which have been hit hard in recent weeks as fears about a global recession gripped markets.
(Reporting by Simon Jessop; editing by Carolyn Cohn)
