Edinburgh trust offers first performance fees to capture Woodford

clock

Edinburgh investment trust, the £1bn UK Growth and Income vehicle, is offering the first performance fees in its 150-year-history as Neil Woodford becomes lead manager.

The Invesco Perpetual star manager takes over the trust after six years of Fidelity management. Under the agreement, Invesco Perpetual will be paid a management fee and a performance fee. Management fees will be 0.6% of the market cap of the fund - currently equivalent to about 0.45% of total assets. The trust and Invesco Perpetual have also agreed a target that the NAV (with debt at par) should outperform the FTSE All-Share Index (Total Return) by 1.25% per annum on a three year rolling basis. If this target is achieved, Invesco will additionally receive a performance fee of 15...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Wealth managers turn to private markets to offset geopolitical risks

Wealth managers turn to private markets to offset geopolitical risks

60% allocation in 2025

Patrick Brusnahan
clock 26 January 2026 • 1 min read
Chris Justham: All I know about love and the next 12 months

Chris Justham: All I know about love and the next 12 months

'There's power in admitting that you don't know'

Chris Justham
clock 22 January 2026 • 2 min read
Rathbones looks for growth after year of internal focus during Investec merger

Rathbones looks for growth after year of internal focus during Investec merger

Growth in funds under management and administration to £115.6bn

Eve Maddock-Jones
clock 15 January 2026 • 3 min read