Neil Woodford fund raises £1.6bn

Neil Woodford's Equity Income Fund to disclose entire portfolio by mid-July

Neil Woodford fund raises £1.6bn

Neil Woodford fund raises £1.6bn

Neil Woodford’s newly created asset management company, Woodford Investment Management, has raised £1.6bn during the offer period for its CF Woodford Equity Income Fund.

Since trading began at noon on 19 June 2014, about 95% of the portfolio has been invested in the market. Woodford Investment Management intends to disclose the entire portfolio on a monthly basis on its website, starting in July.

Craig Newman, chief executive, Woodford Investment Management, explained: “We want to be open and transparent with our investors and this is why we will publish the fund’s entire portfolio on the website so that everyone can see where their money is invested, rather than just the top ten holdings as many companies do. We expect this to be available by mid-July.”

Neil Woodford, head of investment, Woodford Investment Management, commented: “I am really excited with the portfolio that I have been able to build for this fund.

“I have met businesses in recent weeks that have immense potential and offer fantastic investment value. My entire focus is finding companies like this that I believe can deliver long-term value to the investors that have the confidence to invest in my fund.”

The CF Woodford Equity Income Fund aims to provide investors with long-term appreciation by investing in stocks primarily listed on the UK stock exchanges, with up to 20% invested in international companies, delivering a yield 10% higher than the FTSE All Share Index yield.

As disclosed by Every Investor earlier this week, he has also invested in some innovative small caps.

Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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