Woodford launches fund for overseas investors
Managed by Neil Woodford, the fund will be domiciled in Ireland and will be available to a range of investors, including wealth managers based in Channel Islands and Isle of Man and clients outside the UK.
The fund will be available in sterling, euro and US dollars, as well as in hedged and unhedged share classes.
The CF Woodford Equity Income fund invests primarily in UK-listed companies and aims to provide investors with a reasonable level of income together with capital growth.
Since launch, it has returned 29.82%, compared with the FTSE All Share Index, which has returned 12.22% over the period.
Craig Newman, chief executive at Woodford, said: “Launching an offshore feeder fund is a natural extension to our fund range. It gives wealth managers based in the Channel Islands and Isle of Man, and clients domiciled outside the UK who supported Neil in the past, the opportunity to invest in his equity income strategy again.”