Since the announcement of the resignation of Neil Woodford a lot of concern and debate has surrounded the future of his two flagship open-ended funds, Invesco Perpetual Income (GB0033053827) and High Income (GB0033054015) (read our roundup on this). However, there are worries that five investment trusts might suffer as a result of Mr Woodford's resignation.
Mr Woodford runs IC Top 100 Fund Edinburgh Investment Trust (EDIN), while the managers who are going to take on Mr Woodford's open-ended funds, Mark Barnett and Ciaran Mallon, manage a further four investment trusts. Mr Barnett is responsible for IC Top 100 Fund Perpetual Income and Growth (PLI), Keystone Investment Trust (KIT) and the equities portfolio of Invesco Perpetual Select (IVPU).
Mr Mallon, who has already assumed the equities portions of Invesco Perpetual Monthly Income Plus (GB0033051334) and IC Top 100 Fund Invesco Perpetual Distribution (GB00B1W7J089) from Mr Woodford ahead of his departure in April, runs Invesco Income Growth Trust (IVI).