Woodford launches offshore feeder fund

Added 13th October 2016

Woodford Investment Management has launched an offshore feeder fund for the £9.57bn CF Woodford Equity Income Fund.

Woodford launches offshore feeder fund

Available from today, 13 October, the UCITS fund will provide investors outside the UK with an opportunity to invest in Woodford’s highly popular fund.

The plan for the feeder fund was first revealed in August.

The offshore fund will be domiciled in Ireland and will be available to a range of investors, including wealth managers based in the UK, Channel Islands and Isle of Man. The fund will be available in sterling, euro and US dollars, as well as in hedged and unhedged share classes.

The CF Woodford Equity Income Fund invests primarily in UK-listed companies and aims to provide investors with a reasonable level of income together with capital growth.

Chief executive at Woodford IM Craig Newman said: “Launching an offshore feeder fund is a natural extension to our fund range. It gives wealth managers based in the Channel Islands and Isle of Man, and clients domiciled outside the UK who supported Neil in the past, the opportunity to invest in his equity income strategy again.”

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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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