Woodford's investor update: Point-by-point as it happened

Investment Week brings you all the key points from today's conference call with Invesco Perpetual's income guru Neil Woodford...

10.01am: Paul Burdin kicks off the interview. Begins with questions on performance. Why is it faltering in short-term? 10.03: Woodford admits difficult two years of performance. Market geared into economic recovery, bidding up shares. He finds opportunities outside of cyclical recovery story. 10.05: Funds have been out of step with the market but he is convinced in long-term performance will improve. Confident with strategy. Expected economic rally and to give something back in early phase. 10.06: Focus on valuations and fundamentals, expect performance to improve when market focus...