success: a two-edged sword?

Neil Woodford's Invesco Perpetual High Income fund has become such a staple investment in recent years that it has almost tripled in size in less than five years to now be the largest retail investment fund in the market today. At £7.96bn in assets, even five years ago the fund was large at £2.7bn, highlighting not only the manager's solid return profile over the past few years but also his increasing popularity. In fact over the first quarter of 2007 alone the portfolio gained a £1bn, with Morningstar recording the fund had £6.9bn in assets as of 8 January. Concerns have been raised repea...