Woodford launches offshore feeder fund

Woodford Investment Management is launching an offshore feeder fund for the CF Woodford Equity Income fund, offering investors outside the UK an opportunity to invest in high profile fund manager Neil Woodford’s investment strategy.

Woodford launches offshore feeder fund

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The Ucits fund will be domiciled in Ireland and available to a range of investors, including wealth managers based in the UK, Channel Islands and Isle of Man.

It 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.

Since its launch, it is the number one ranked fund in the UK Investment Association’s Equity Income sector, having returned 29.82%, compared with the FTSE All Share Index, which has returned 12.22% over the period, according to data from Morningstar.

Craig Newman, chief executive at Woodford, 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.”