Nick Paler asks Invesco Perpetual's head of UK retail, Ian Trevers, how he has steered the group through the changes resulting from the departure of the UK's most famous investor.
The departure of income star Neil Woodford from Invesco Perpetual after more than 25 years has had repercussions across the investment industry. Rival mandates initially saw inflows after the announcement last October, while Woodford’s own launch saw the manager take in £1.6bn during his three-week offer period in June. Woodford’s former flagship funds – IP Income and High Income – have shrunk by 30% in total since last October excluding market moves, equating to some £7bn. Market gains of circa 10% have offset the outflows however, meaning currently the funds have a little more than ...
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