Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

CF Woodford Equity Income Fund. Worth a punt?

Neil-Woodford-head of investment  at woodford fundsNeil Woodford is probably the most highly regarded fund manager in the UK. It’s easy to see why – his track record is nothing short of exceptional.

He recently resigned from Invesco Perpetual to set up his own business, and his new CF Woodford Equity Income Fund is launching shortly. Hargreaves Lansdown are offering an exclusive annual charge of just 0.6% – the lowest charge available anywhere. 

But the question is “Should you get carried away by all this hype?” There are very few precedents. The closest is when Anthony Bolton, who had a similar track record with Fidelity Special Situations, moved on. He was never able to replicate that performance with his new funds.

My personal strategy is to only hold funds on the Hargreaves Lansdown Wealth 150 list so the CF Woodward Equity Income Fund qualifies. But I already hold a good selection of funds from the Equity Income Sector and I can see no reason for switching out of any of those funds. If and when any of them are removed from the Wealth 150 list I guess Neil’s new fund would be in pole position for the switch. So I am sitting on the sidelines for the time being.

If you have funds awaiting a home I would not argue against an investment particularly given my love of funds which pay a good level of dividend. But there is nothing here which should cause you to change your overall investment strategy.  Don’t forget– medium term money only and don’t put too many eggs in one basket.

There is no particular benefit in getting in early. It is nothing like the Royal Mail privatisation where investors who got in early did very well.

Action Point

If you are interested go to www.hl.co.uk and download their free report . It’s your money. Do your research and then make a decision.

If you not already done so please fill in the simple form below to receive my blog updates. We will be keeping a close look on how this fund performs and will let you know if our view changes.


This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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