Woodford planning offshore fund launch

Added 8th August 2016

Neil Woodford is considering the launch of an ‘offshore feeder fund’ for the Woodford Equity Income Fund, according to reports.

Woodford planning offshore fund launch

A spokesperson for Woodford Investment Management confirmed the launch is under consideration but declined to comment further on details such as the timing or rationale for the move.

Woodford Equity Income has amassed £9.2bn in assets since it launched in mid-2014.

It has returned an impressive 28% since launch according to FE, although much of the upside was achieved in the first 12 months. Over the past year it has returned a not insignificant 4.8%.

This development follows news in June that Woodford is also considering the launch of a ‘higher income’ fund targeting a yield of 4.2% - 4.5%. The existing income fund has been yielding around 3.5%.

The star manager’s self-titled firm has been engaged in a consultation process regarding this potential launch and it yet to confirm the plan. The spokesperson said there is no further update on this matter yet. 


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Alex Sebastian

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.



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