Invesco Perpetual's Neil Woodford is taking over from Fidelity as manager of the Edinburgh Investment...
Invesco Perpetual’s Neil Woodford is taking over from Fidelity as manager of the Edinburgh Investment Trust with immediate effect. Fidelity’s John Stavis took a sabbatical from the group in June, relinquishing control of the higher income portion of the Trust, which the Board had singled out as failing to meet expectations. The £1bn vehicle is the largest income growth trust in the UK. It focuses mainly on large UK companies from a variety of sectors and its objective is to achieve capital growth above the FTSE All-Share and dividend growth above the rate of UK inflation. Scott Dobbie,...
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