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.
Cautious Managed was again the top sector on Cofunds during Q3 as multi-manager funds continue to hold sway prior to RDR.
There is now a greater likelihood the UK will experience a double dip next year, while it is "almost a certainty" countries such as Greece will slide back into recession, says Invesco Perpetual's Neil Woodford.
Invesco Perpetual's European equity income specialist Katharina Hoyland will leave the group in November.
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Invesco Perpetual's Neil Woodford believes dividends of the stocks in his portfolios could grow by up to 10% this year.
Invesco Ltd, the parent company of Invesco Perpetual, will acquire Morgan Stanley's retail asset management business for $1.5bn.
Cautious managed funds closed the gap on the top selling UK Corporate Bond sector on Fidelity FundsNetwork last month, seeing 11% of total inflows on the platform.
Investors are continuing to pour money into Neil Woodford's Invesco Perpetual funds this year despite the highly-regarded manager admitting "disappointing" recent performance.
Invesco Perpetual's highly-regarded manager Neil Woodford has been hit by "disappointing" fund performance so far this year.