Woodford Investment Management

US move should be reversed

Sector enjoyed long-term outperformance

Fund outperforms index over month

Sees £930m net retail sales

Manager holds company in Equity Income fund

Company's first annual results

Manager increases positions on weakness

Manager remains cautious

"I love all my children equally" is how manager James Henderson recently described running both open-and closed-ended vehicles.

Tobacco and pharmaceuticals take biggest hit