This month sees an investment industry major milestone, the 25th anniversary of Invesco Perpetual High Income Fund (GB0033054015), run by a manager considered to be one of the UK's best - Neil Woodford. Since its launch on 8 February 1988, if you had invested £10,000 you would have received £36,135.5 income and £71,155 capital, and it has been the best-performing UK equity fund since its launch.
As a result, the fund continues to be very popular, attracting significant inflows and featuring on broker buy lists. However, Invesco Perpetual High Income has received a birthday present it might not have wished to get. Wealth manager Sanlam Private Investments has dropped both Invesco Perpetual High Income and its sister fund, Invesco Perpetual Income (GB0033053827) - also run by Mr Woodford - from its influential White List of recommended funds.
Sanlam draws up its lists of UK Equity Income sector funds with seven criteria based on performance, volatility and income distributed. It focuses on the past five years with the most recent period of performance receiving a greater weighting.