The most read story on Investment Week's website this week concerned outgoing fund manager Neil Woodford and how Invesco Perpetual is moving to protect investors in his funds.
Investment Week revealed the group had moved to bid pricing on his Income and High Income funds after investors started to pull assets out of the portfolios. Another popular pricing story this week was Findlay Park's decision to cut fees on its US portfolio, a multi-manager favourite. Meanwhile, GAM's head of discretionary funds Charles Hepworth sold out of the giant SLI GARS fund in favour of a 'more nimble' product, and the head of wealth management at Signia exited the company after less than a year. Later in the week a surprise rate cut by the European Central Bank on Thursd...
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