Woodford's Former Funds Downgraded

Following the departure of Neil Woodford from Invesco Perpetual last year, Morningstar analysts have reviewed the income manager's former funds and downgraded ratings

Emma Wall 30 June, 2014 | 12:48PM

Analysts have downgraded Neil Woodford’s former open end funds and investment trust following his departure from Invesco Perpetual last October.

Mark Barnett took over the management of Invesco Perpetual Income, Invesco Perpetual High Income and the Edinburgh Trust (EDIN). Under Woodford, all three products were awarded a Morningstar Analyst Rating of Gold, thanks to his impressive track record and consistent style.

However since Woodford’s departure the open end funds and the trust have been Under Review. Today Morningstar analysts revealed that they had downgraded all three products, with the open end funds being awarded a Neutral Rating and the trust being awarded a Bronze Rating.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Edinburgh Investment Ord454.50 GBP-0.76
Invesco High Income UK Inc271.84 GBP-0.50
Invesco Income UK Inc1,079.16 GBP-0.21
LF Woodford Equity Income A Sterling Acc4.72 GBP-39.31

About Author

Emma Wall  is former Senior International Editor for Morningstar

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