Neil Woodford Quits Invesco Perpetual

The best-known and most-popular income fund manager Neil Woodford has quit Invesco Perpetual to set up his own firm

Emma Wall 15 October, 2013 | 3:15PM
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Income fund manager Neil Woodford is leaving Invesco Perpetual to set up his own firm. 

Woodford will leave Invesco on April 29 after 25 years employment. Woodford currently runs the highly successful Invesco Perpetual Income ( Gold Rated) and High Income ( Gold Rated) funds, which will be taken over by Mark Barnett following a six month transition. Assets under management total £24 billion between the two funds.

Woodford also advised on the equity component of the Invesco Perpetual Monthly Income Plus Fund ( Gold Rated) and the Invesco Perpetual Distribution Fund ( Gold Rated) which will now be managed by Ciaran Mallon alongside the existing fixed income managers Paul Causer and Paul Read.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Edinburgh Investment Ord624.08 GBP-1.10Rating
Invesco Distribution UK Acc138.34 GBP-0.34Rating
Invesco Monthly Inc Plus UK Acc384.93 GBP-0.25Rating
Invesco UK Eq High Inc UK Inc318.62 GBP-0.20Rating
Invesco UK Equity Inc UK Inc1,263.62 GBP-0.22Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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