Fund of the week: Filling the shoes of a star manager

This investment trust has lost its star stock picker. Luckily, its new manager has a record to match.

Star fund manager Neil Woodford's departure from Invesco Perpetual has hit his funds hard. His Income and High Income funds saw outflows of £1.4bn in the month to 11 December alone.

This "mega-sized" £1.1bn investment trusthas also suffered over the uncertainty of who will fill Woodford's shoes, says Kate Morley in the Investors Chronicle.

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