Invesco Perpetual has revealed outflows from Neil Woodford's Income and High Income funds since he announced his departure have been around the £1bn mark.
Earlier in the week, sources close to the situation suggested Woodford's funds had lost up to 10% of total assets following the announcement the manager is to exit Invesco Perpetual next year. Woodford, manager of the Invesco Perpetual Income and High Income funds, announced his departure on 15 October, revealing plans to set up his own business. The total AUM of both funds was £24.7bn on this date. Invesco Perpetual declined to comment at the time and emails seen by Investment Week revealed the company has told staff not to discuss redemption figures despite requests from brokers for...
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