Little more than a year ago funds guru Neil Woodford sold out of Tesco, telling investors that although he was loathed to sell a company so cheap, the risks made him feel uneasy. Consensus on the stock is turning, though.
UK Equity Income was the best-selling IMA sector in September but, in the weeks and months before Neil Woodford’s departure was announced, it seems investors were already looking elsewhere.
The board of Edinburgh Investment Trust may be “sympathetic” to management proposals from Invesco Perpetual if they centre around its new UK equity head, though analysts have said the fund’s mandate could be tweaked if Mark Barnett takes the helm.
Populating your ISA is becoming more and more like picking a fantasy football team seems like every week investors are being asked whether they’ll stick or twist with the latest big name transfers.
Investec Wealth & Investment has upped its position in Neil Woodford’s Edinburgh Investment Trust, taking advantage of its drop to a discount after the star announced his exit from Invesco Perpetual.
Edinburgh Investment Trust is already coming under pressure, and its board is being tipped to launch a beauty parade following the announcement Neil Woodford would depart.
How relevant is it that IFAs picked the UK's largest manager of retail funds to be their favourite firm, yet the same group cite overcrowding, investor apathy and "lack of excitement" in choosing between brands as the biggest challenges ahead?
The investment trusts most frequently searched for on Morningstar's online service over the second quarter were those with which investors have a high degree of familiarity concerning the management style.
With the FTSE's rally having eased off in recent days, the temptation is to use the pullback as an opportunity to go back in, but investors might want to take a step back before topping up the UK heavyweights.
Defensive stocks are the darlings of Neil Woodford's income funds and have had a pretty good run since the start of the financial crisis. But fund pickers are casting doubt on their continued ability to outperform.
Neil Woodford’s Edinburgh Investment Trust was among only 12 trusts with gearing greater than 15% of NAV at the end of September, as managers remained cautiously leveraged during the month.
As Woodford and Mott turn round poor relative performance defensives may be the place to be.
