Breaking News – Woodford Investment Management and Invesco Perpetual

April 29th, 2014, by Phil Bennett

We are keeping a close eye on the UK Equity Income space following Neil Woodford’s departure from Invesco Perpetual to set up his own firm, Woodford Investment Management (WIM). We know that WIM has been authorised by the FCA and that this became effective on 28 April.

There are no details yet of the funds that will be launched although there is a widespread belief that there will be a UK equity income fund. Interestingly St James Place have awarded part of their investment mandate to the new firm, but in the absence of facts or any authorised fund, we have to regard this as being driven by marketing factors rather than any fundamental research.

Read the full article here…