CF Woodford Equity Income top performing fund over three years
However, it hasn’t all been plain sailing and 2016 in particular was a frustrating year for the Woodford fund. Neil’s underweight positions in banking and oil and gas sectors hurt his performance when these sectors bounced back in a mini value rally.
Neil has said that he is more positive today about the outlook for the UK equity market than he has been since the fund launched. While we’re still not in a ‘normal’ economic environment and the valuation of the UK’s stock market is quite high, he still believes our companies can thrive and deliver, but says picking the right companies in the coming years will be vitally important.
*Source: FE Analytics, total returns in sterling, 2 June 2014 to 5 June 2017