Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a653853

Key study puts Woodford funds on ‘sell’ alert as assets soar

by Emma Dunkley on Jan 28, 2013 at 07:45

‘Whilst we acknowledge that Richard Wilmot has a good record in investing for growth, this is a different skill to income investing, and for this reason, coupled with the significant change in the process and inevitable lower yield, we are recommending that investors sell,’ Sanlam said.

Both the Invesco funds and the Newton fund features on Sanlam’s ‘Grey list’, which can be an early warning signal for a fund in decline.

However, the Black list is for consistent underperformers and is a sign for investors to look elsewhere.

On this list is Jupiter’s Income fund, run by Anthony Nutt who is set to retire in 2014. The fund will then be handed over to Ben Whitmore.

The study said: ‘A member of the White List for many years, performance has suffered more recently and he ends his tenure in the Black List.

‘Having also followed Ben’s career, we would hope that he turns the fund around, but would prefer to gauge his performance from the sidelines for the moment. Sell.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Look up the funds

  • Invesco Perpetual High Income Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual Monthly Income Plus Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Newton Higher Income GBP Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the shares

Look up the fund managers

  • Neil Woodford
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Tineke Frikkee
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Richard Wilmot
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Anthony Nutt
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet