Woodford unveils new fund details

The launch of Neil Woodford's new fund could be Britain's biggest.

Neil Woodford, Britain's best-known fund manager, announced details of what may be the largest fund launch ever in the UK. Woodford Investment Management will begin accepting money into the CF Woodford Equity Income Fund on 2 June.

Investors are expected to shift billions of pounds from the Invesco Perpetual funds previously run by Woodford to his new firm.

What the commentators said

The strong track record he built up over 25 years at Invesco Perpetual should encourage plenty of other investors to switch. But if he needs an "ace up his sleeve", it will be fees, said Holly Black on Thisismoney.co.uk.

The new fund has an all-in fee of 0.75% per year. Invesco Perpetual High Income has ongoing charges of 1.17%. This raises the prospect of a price war as Invesco tries to prevent defections good news for cost-conscious investors, said Lumsden.

Recommended

Forget rebalancing – ditch your losers, not your winners
Sponsored

Forget rebalancing – ditch your losers, not your winners

Investors are often told to regularly rebalance their portfolio and take profits from their winning holdings. But that can be a mistake, says Max King…
26 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021
Three clean energy stocks for your portfolio
Share tips

Three clean energy stocks for your portfolio

Professional investor Christian Roessing of the Pictet Clean Energy Fund highlights of his three favourite stocks at the forefront of the clean energy…
25 Jan 2021
All you need to know about exchange-traded funds
Funds

All you need to know about exchange-traded funds

The transparency and liquidity of exchange-traded funds make them popular with investors, but there are still a few things you should know before you …
22 Jan 2021

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021