Is the time right for Woodford?

Is the time right for Woodford?

For those eagerly awaiting the details of Neil Woodford's new venture, the public pronouncements of Woodford IM over the past few weeks have been more confirmation than revelation.

The details of the manager’s new firm, and his new equity income fund, rubber stamp the rumours that have been flying since his departure from Invesco Perpetual was announced last October. Its objective, process, and favoured investments will be more or less exactly the same as those of IP Income and High Income. Woodford’s ‘blank slate’ is less about a new investment opportunity – though these may follow in time – than it is about breaking out on his own. So just how much interest will the new fund attract? Despite the similarities to his old funds, some have pointed out the resource...