Invesco Perpetual

J.P. Morgan Asset Management (JPMAM) has hired the head of Bank of America Merrill Lynch's global equity sales desk as co-manager on its £86m Global Equity Income fund.

ON EMS

The most read story on Investment Week's website this week concerned outgoing fund manager Neil Woodford and how Invesco Perpetual is moving to protect investors in his funds.

Invesco Perpetual has implemented a dilution adjustment to the price of Neil Woodford's Income and High Income funds, moving to bid pricing on both portfolios after a recent surge in outflows.

Invesco Perpetual may have to overhaul its investment trust range should it retain the £1.4bn Edinburgh trust mandate after the departure of manager Neil Woodford, analysts have said.

European equity funds focusing on value stocks have posted almost double the returns of their growth-oriented rivals this year, as cyclical companies and the European periphery outperform quality growth plays.

THE BIG INTERVIEW

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.

GOSLING'S GROUSE

PSigma Investment Management CIO Tom Becket has sold out of the £11bn Invesco Perpetual Income fund after ten years following news of manager Neil Woodford's departure.