White List labels Woodford income funds a 'sell'

In the last report, released in August, SPI removed Woodford's £9.1bn Invesco Perpetual Income from its White List of funds which have a long-term track record of delivering rising income alongside capital growth, but retained its ‘buy' recommendation. However, SPI is now urging income-hungry investors to ditch their stakes in both of Woodford's income offerings, warning performance has become compromised by the high level of assets under management. Woodford's funds have been placed on SPI's Grey List, defined as a temporary home for a manager with an out-of-favour style or an early ...