Woodford launches offshore feeder fund

Woodford Investment Management is launching an offshore feeder fund for the CF Woodford Equity Income fund.

Available from today onwards, the UCITS fund will provide investors outside the UK with an opportunity to invest in Neil Woodford’s proven investment strategy.

The offshore fund will be domiciled in Ireland and will be available to a range of investors, including wealth managers based in the UK, Channel Islands and Isle of Man. The fund will be available in sterling, euro and US dollars, as well as in hedged and unhedged share classes.

As reported in August the firm confirmed that it was looking at the prospect of an offshore launch, but now the rubber stamping of the release is likely to see a stampede from offshore investors looking to invest directly into a fund delivered by the UK investment industry’s star fund manager.

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” the firm said in a statement announcing the feeder fund.

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 Morningstar statistics from 20/06/14 to 30/09/16 .

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.”

For further information and details of share classes available go to: https://woodfordfunds.com/weiff

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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