An investment team formerly run by Neil Woodford is being disbanded amid flagging interest in London-listed shares.
Invesco is to close its dedicated UK stock-picking unit and merge it with its European division from January.
The teams are being merged as investor interest in British stocks wanes.
Money in the Invesco UK Equity Income and High Income funds has shrunk to £6.86bn, compared to £33bn when Mr Woodfood oversaw them.
Mr Woodford made his name as a star stock picker at Perpetual, which was acquired by Invesvo, in the early 2000s. He favoured unfashionable stocks such as tobacco that paid a steady dividend.
Mr Woodford left Invesco in 2013 and raised £1.6bn for the launch of his own fund.
However, Woodford Investment Management, which adopted a riskier strategy, collapsed after it was unable to sell assets quickly enough to meet a surge in withdrawal requests from…
