Woodford: Investors have lost faith in the mining sector
Invesco Perpetual's Neil Woodford, manager of the group's £25bn suite of UK income products, has described his heavy underweight position to the mining sector as one of the biggest drivers behind his outperformance over the past year.
Woodford, writing to shareholders as his £1.3bn Edinburgh investment trust reported its results for the full year to March 2013, said risk-on investors are starting to sell out of the sector. He said...
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