Invesco Perpetual sells down Woodford holdings amid rising outflows

Invesco Perpetual has begun selling down positions in some of the small and mid-cap companies held by Neil Woodford ahead of the manager's departure in April.

The group sold its entire 92m share stake in Assura Group, a developer of care properties, on 5 December, bringing to an end a multi-year investment in the business. Last week Invesco Perpetual also sold 1m shares in defence group Chemring, 1.3m shares in doorstep lender Provident Financial, and 300,000 shares in specialist insurer Lancashire Holdings, according to regulatory filings. Woodford holds positions in all four stocks within his portfolios. Details of the 5 December sell-off continued to emerge throughout Tuesday, with further filings revealing Invesco also sold around 7m...