Wealth Manager - the site for professional investment managers

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.
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter