Woodford Patient Capital shares fall 1.7%

LONDON (Reuters) – Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management’s only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported it may drop Neil Woodford as manager. Woodford Investment Management suspended its flagship 3.7 billion pound ($4.71 billion) unlisted fund last week. WPCT is meeting investors this […]

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Investors piled into U.S. Treasuries, money-market funds amid trade tensions: Lipper

(Reuters) – Investors’ aversion to risk-taking intensified in the latest week, stemming from trade tensions between the United States and China as well as Mexico, with U.S.-based domestic equities funds posting $10 billion of cash withdrawals, according to Refinitiv’s Lipper research service on Thursday. It was the group’s second consecutive week of cash outflows, with […]

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