You are here: Home - Investing - Experienced Investor - News -

Investors sell out of Woodford Equity Income ahead of upcoming launch

Written by: Adam Lewis
February marked the first time in the last two years in which more investors sold Neil Woodford’s CF Woodford Equity Income than bought it according to The Share Centre.

These actions led to the fund being the most traded at The Share Centre, placing it ahead of Fundsmith Equity and Jupiter India.

However rather than it being an indictment on Woodford, Andy Parsons, head of investment at The Share Centre, said it’s possible investors are selling out of the fund in preparation of the upcoming launch of the new Woodford Income Focus fund on March 20.

“For many investors, the start of 2017 has provided a bit of an investment conundrum,” Parsons said.  “Despite concern around Brexit negotiations, the UK market has continued to rise while US stock markets continue to record new daily highs almost every day. And then added to the mix is the real geo-political uncertainty within Europe as we head into key elections.”

While the Fundsmith Equity fund has some weighting to the UK, some 64% of the portfolio is geared to the US making it the first of several globally focused funds to feature in the top 10 list of traded funds. Parsons said this indicates that investors are continuing to look for opportunities outside of the British shorelines.

“Reinforcing that theme, the Jupiter India fund is likely to be featuring as a result of India continuing to be the preferred emerging market region for investors as they appreciate the opportunities being created due to reforms in the area,” he added.

The full list of the top 10 traded funds in February are below:

1     CF Woodford Equity Income

2     Fundsmith Equity

3     Jupiter India

4     Legg Mason IF Japan Equity

5     Newton Global Income

6     Stewart Investors Asia Pacific Leaders

7     Jupiter Global Managed

8     Man GLG Continental European Growth

9     Schroder US Mid-Cap

10   Rathbone Global Opportunities

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your back-to-basics ISA guide for 2020/21

You have until 5 April to use up the remainder of this year’s ISA allowance before it’s gone for good. Her...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
PM to delay self-employed tax hike vote amid backbench revolt

The government is delaying the vote on the rise in National Insurance Contributions (NICs) for the self-employed until the autumn,...