Neil Woodford's Invesco Perpetual High Income fund has become the first UK unit trust to break through the historic £10bn of assets under management milestone.
The fund, managed by Woodford since its launch more than two decades ago, broke through the level on 14 October. If Woodford’s High Income fund were a standalone company, it would be the 20th largest group by UK funds under management – ahead of the likes of J.P. Morgan, Artemis and Aberdeen. Including his £7.8bn IP Income product, Woodford would be the 12th largest manager of UK funds. “While it is a nice achievement, we are not overly focused on the size in all honesty. We are prouder of the track record this product and the Income fund have built up over the years. This is the inte...
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