Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Old Mutual plans to back Woodford boutique with WealthSelect funds

Old Mutual plans to back Woodford boutique with WealthSelect funds

Old Mutual hopes to award Neil Woodford with a chunk of its WealthSelect portfolio once the manager completes his transition from Invesco to Woodford Investment Management.

The company is currently reviewing the managers in charge of its funds and is in talks to include Woodford in any rejuvenated line-up, the company said.

The boutique ‘is one of the managers we are looking at,’ an Old Mutual spokesperson told Wealth manager sister website New Model Adviser.   

Old Mutual Wealth had initially given Invesco Perpetual its High Income mandate but cut the mandate from its launched list which was published in February after Woodford's announced exit. Invesco now manage the Asian and Corporate Bond mandates for WealthSelect.

Head of investment solutions at Old Mutual Wealth Dean Bowden added: ‘WealthSelect is not a static range, if changes are required or gaps are identified in the proposition we will look to add new capability.

‘Additionally where opportunities to include exceptional managers which will be additive to the proposition arise, we will naturally explore them.’

Leave a comment!

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

Related Fund Managers

Neil Woodford
Neil Woodford
29/72 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 58.64%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter