Woodford to run Edinburgh investment trust

Woodford will replace Fidelity's John Stavis, who announced in June that he was taking a six-month sabbatical. The higher income portion of the trust has been singled out as failing to meet expectations. As the largest UK income growth investment trust, with assets of approximately £1bn, the Edinburgh investment trust focuses mainly on large UK companies, from a variety of sectors and aims for its capital growth to outperform the FTSE All-Share and its dividend growth to beat the UK inflation rate. Scott Dobbie, chairman of the Edinburgh investment trust, said: "Invesco Perpetual h...