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The Woodford effect

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2014 is proving to be the year of the ‘Woodford’ in terms of investment funds. Every publication we pick up, every advertisement from fund supermarkets is all about buying Woodford at the most competitive price. From our perspective though, is any price worth paying? For those unfamiliar with this star of the investment world, Neil Woodford is the former manager of the multibillion pound Invesco Perpetual income funds, aside from…

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