Introducing the CF Woodford Equity Income Fund
Having been a successful fund manager for more than 25 years, Neil's approach is investing in companies only when he is convinced of the compelling long term opportunity - he will not invest in stocks just to make the funds look more like the index.
For those of who do not know of Neil's impressive track record, he has successfully managed both the Invesco Perpetual Income and High Income funds. He also famously avoided the technology crash, when many of his peers had their fingers burned.
His new fund will sit in the IMA's UK Equity Income sector, aiming to offer investors a growing income stream, paid quarterly, and capital growth simultaneously.
Neil Woodford in Conversation:
To provide investors with long-term appreciation through investing in stocks primarily listed on the UK stock exchanges. It may invest up to 20% in international companies.
Fund Facts at a Glance:
||CF Woodford Equity Income Fund
||10% higher than the FTSE All Share Index yield
||2 June 2014
|First day of trading
||19 June 2014
||Quarterly (XD March, June, September, December)
|Available in ISA?
|Annual management charge
* Based on 1.1 x current FTSE All Share dividend yield as per IMA sector guidelines
How to Invest
There will be a pre-launch offer period from 2 June - 19 June, with units priced at £1 and the price may change after this date. To make the most of the £1 share price please make sure that your instructions are received by the following dates:
Paper Switches - Monday 16 June
- by 1pm in the postOnline Switches - Tuesday 17 June
- by 11am online Paper Top Ups - Wednesday 18 June
- by 1pm in the post Online Top Ups - Thursday 19 June
- by 11am online
Woodford Investment Management is discouraging direct investors by offering an ‘A’ share class carrying an annual management charge of 1% and a minimum investment of £150,000. Don't worry, this is not unusual in this day and age, as most providers would like to focus on their investment expertise and let platforms carry out the administration. Therefore, you will be able to invest in this new fund via Willis Owen by holding your investment on a platform such as Cofunds
Woodford Investment Management Key Investor Information Documents (KIIDs) and Prospectus:
- Key Features of the Cofunds Platform
- Terms and Conditions
- Cofunds Junior ISA Key Features
- Cofunds Junior ISA Terms & Conditions
- ISA Application Form
- ISA Transfer Application Form
- Switch Application Form
- Junior ISA Application Form
You will be able to purchase this fund online
from 2 June 2014.
If you haven't already done so, but would like to be kept updated with regards this new fund launch, you can register your interest below.