Turnaround at Woodford’s Patient Capital Trust

NEWS YOU CAN USE: This month, record funds sales were reported, fees were cut on several investment trusts and a number of funds rebranded

Emma Simon 30 August, 2017 | 9:25AM

Despite wider economic uncertainties, August continued to be a positive month for the fund management industry: figures published this month showed investors record fund sales in the first half of this year, while veteran fund manager Neil Woodford reported more encouraging six-month results on his flagship investment trust. Elsewhere fund managers continued to squeeze fees on investment trusts, and there was a high-profile manager move in the fixed income sector.

Fund Sales at Record Levels

Investors ploughed a record-breaking £18.4 billion into funds in the first six months of 2017, but were more cautious about investments in UK-based equities.

The total amount of money now invested in UK funds is now £1.1 trillion, according to the latest figures from the Investment Association.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford Positive Change B Acc274.62 GBP0.81
BlackRock Throgmorton Trust plc550.00 GBP0.00
JPM Asia Growth C Net Acc2.80 GBP-0.67
Purplebricks Group PLC51.00 GBP0.00
Rathbone UK Opportunities I Acc605.04 GBP0.28
Woodford Patient Capital Trust24.01 GBP-2.00

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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