Invesco Perpetual's Neil Woodford is maintaining a defensive bias on his Edinburgh Investment Trust ...
Invesco Perpetual's Neil Woodford is maintaining a defensive bias on his Edinburgh Investment Trust portfolio, predicting limited equity market uplift He warns the UK economy could take years to rebuild the level of credit availability he claims is needed for sustained growth in cyclical stocks. The trust's annual results to 31 March reveal a 31% drop in net asset value per share, to 326.99p, with discounts narrowing from around 15% to 10.5%. Since taking over management of the portfolio last September, Woodford has added defensive holdings including tobacco companies Altria and Reyno...
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