Elite Rated CF Woodford Equity Income beats all 72 peers since launch

When Neil Woodford left Invesco Perpetual three years ago, many faithful investors followed him to his new start-up business, Woodford Investment Management, switching their money to his new fund, Elite Rated CF Woodford Equity Income.

And their loyalty has been rewarded. The fund has returned 25.92% for investors since its launch (with income reinvested), beating its index, the FTSE All Share (15.35%), and every single one of its peers: it is the top performing fund out of 73 funds in the IA UK Equity Income sector*. A very impressive achievement.

Income investors and Neil Woodford fans will therefore be interested to know that he will be launching a new fund towards the end of March 2017.

CF Woodford Income Focus will differ from CF Woodford Equity Income in the following ways:

  1. It will aim to generate a higher income
  2. It will be UK-focused but will have no geographical constraints – so it will be able to invest in overseas companies if the manger thinks appropriate
  3. It won’t invest much in unquoted companies. Neil likes to invest a portion of the Woodford Equity Income fund in unquoted companies as they can often be very exciting, early stage, investment growth opportunities. However, they rarely offer a yield, so would not have a place in the new income portfolio unless the growth opportunity is too good to ignore.

*Source: FE Analytics, total returns in sterling from 2 June 2014 to 31 January 2017

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