F&C UK Mid Cap loses Elite Rating following manager resignation
Tom Wilson, manager of F&C UK Mid Cap, has resigned and will be leaving BMO Asset Management to...
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:
*Source: FE Analytics, total returns in sterling from 2 June 2014 to 31 January 2017