Fund buyers: What we want from new Woodford fund

Gauging investor demand

Laura Dew
clock • 4 min read

Fund buyers said the launch of a new higher income product for Neil Woodford would be a "natural extension" of his firm's range, but warned it will need to be sufficiently differentiated from its existing products to attract investor attention.

Woodford Investment Management sent out a questionnaire to intermediaries this morning to gauge interest for the new product, which would complement the two-year-old £9bn CF Woodford Equity Income fund. Craig Newman, chief executive at Woodford Investment Management, said: "We are currently speaking to private investors, intermediaries and platforms to glean views and appetite for a new equity fund targeting a higher income." According to the proposals, the fund would primarily invest in UK companies but have no geographic restraint. This means it is unlikely to sit in the IA UK Equit...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot