A look Woodford's 'protégé', potential class actions and angry investors - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
The Woodford factor: protégé Mark Barnett under pressure at Invesco Mark Barnett, who runs the Invesco Income and High Income funds and is described by The Sunday Times as Neil Woodford's "protégé", is battling to stem huge outflows from his funds while facing a rise in exposure to risky, unquoted companies. The Sunday Times reports that, since January, savers have pulled out more than £1.5bn from the two funds. Meanwhile, in High Income, Barnett's exposure to so-called unquoted shares rose from 4.44% at the start of the year to 4.91% by the end of June. The paper points out Barnett's...
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