IMA confirms Woodford move to new Equity Income and Growth sector

Two of Neil Woodford's Invesco Perpetual funds are among 17 portfolios that will shift to the IMA's ...

Two of Neil Woodford's Invesco Perpetual funds are among 17 portfolios that will shift to the IMA's new UK Equity Income and Growth sector. Woodford's Invesco Perpetual Income and High Income portfolios are among the movers, in addition to Robin Geffen's Neptune Income fund. The IMA has removed all funds from the UK Equity Income sector that failed the yield test based on 12 months look back on 31 December 2008, but taking into account final distributions if these were out of step with a fund's calendar year end. The IMA UK Equity Income sector is now defined as funds which invest at ...