BULL POINTS:
â– Transfer to Invesco brings Neil Woodford on board
â– Portfolio reshaped to focus on defensive sectors
â– High dividend yield
BEAR POINTS:
â– Fears that Mr Woodford is over-committed
â– Future dividends are not guaranteed
IC TIP:
Buy
The appointment of one of the UK's most successful and well-known fund managers, Invesco Perpetual's Neil Woodford, as manager of Edinburgh Investment Trust on 15 September has caused a certain amount of excitement in the investment trust world.