Analysts Place Neil Woodford Funds Under Review

Following Neil Woodford's shock announcement he will be leaving Invesco Perpetual, Morningstar closed and open ended fund analysts are reviewing the rating on his funds

Emma Wall 15 October, 2013 | 4:35PM
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The best-known and most-popular income fund manager Neil Woodford has quit Invesco Perpetual to set up his own firm.

Following the announcement that Neil Woodford will leave Invesco Perpetual in April 2014, Morningstar OBSR has placed the Morningstar OBSR Analyst Ratings of the following funds Under Review: 

Invesco Perpetual Income ( Gold Rated) 

Invesco Perpetual High Income ( Gold Rated)

Invesco Perpetual Monthly Income Plus ( Gold Rated

Invesco Perpetual Distribution Fund ( Gold Rated

Morningstar OBSR analysts plan to meet with the fund managers shortly to assess their future plans for the funds.

Emma O’Neill, senior investment research analyst for Morningstar OBSR said: “Neil Woodford is one the true long term investors, who is not afraid to stand out from the crowd. This was never more evident than during the TMT bubble, when he stayed true to his value investment philosophy and avoided many of the overpriced technology stocks. This was an uncomfortable stance for a period of time but investors subsequently benefited enormously.”

Morningstar closed-ended analysts have also placed the following trust Under Review

Edinburgh Investment Trust (EDIN)

The Woodford run trust has previously held a Gold rating. Investment trust analyst Jackie Beard said that although the board has yet to confirm who they will appoint as the new manager in April 2014, as a precautionary measure the team are placing the investment trust Under Review.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Edinburgh Investment Ord730.00 GBX0.41Rating
Invesco Distribution UK Acc154.11 GBP0.13Rating
Invesco Monthly Inc Plus UK Acc410.00 GBP-0.02Rating
Invesco UK Eq High Inc UK Inc342.10 GBP1.02Rating
Invesco UK Equity Inc UK Inc1,333.67 GBP0.87Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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