The board of the £752m Woodford Patient Capital Trust (WPCT) is proposing a number of changes to its investment objective, which would give manager Neil Woodford greater powers to keep pace with maturing companies in the portfolio.
The changes would allow the manager greater flexibility to use gearing and hold investments outside the UK, with fewer restrictions on the size of companies held and whether they are listed or unquoted....
0.25% charge on £100,000 investment
Sector launched in April this year
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis