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17th June 2015

Woodford Equity Income outperforms its peers in its first year

Neil Woodford, manager of Elite Rated Woodford Equity Income

Ranked 1st out of 86 funds in the UK Equity Income sector, the infamous Neil Woodford has returned 20% compared with a sector average of 9.5%, and the 1.4% returned by the worst fund in the sector, Elite Charteris Premium Income (note that this fund is not Elite Rated but just happens to have Elite in the name), which features on the latest Chelsea RedZone. The Chelsea RedZone is a report from our sister company, Chelsea Financial Services, which names and shames the worst-performing funds over three years.

Whilst FundCalibre usually requires a manager to have been running a fund for three years in order to pass the AlphaQuest screen, an exception was made in the case of Elite Rated Woodford Equity Income. This is because it is run in exactly the same way as Neil's previous funds at Invesco Perpetual, which easily passed our initial screen and we felt that the manager's skill was transferable to the new fund. It was awarded an Elite Rating at launch.

Commenting on the first anniversary, Darius McDermott, managing director of FundCalibre, said: “Neil Woodford is the most recognisable manager in the UK fund management space. His renowned ultra long-term investment approach has been tried and tested across a wide range of market conditions and has held up particularly well in tough markets. Neil was, and continues to be, the go-to name in the equity income space.”

Source: FE Analytics, 2nd June 2014 to 2nd June 2015


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