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‘New fund won’t be another boutique investment company’ – Neil Woodford

Wednesday 7th May 2014

Neil Woodford’s latest investment fund will be a fund management heavyweight, not another boutique investment company, Hargreaves Lansdown has revealed.
The new fund, Woodford Equity Income, is due to be launched soon. There will be no change in Woodford’s underlying investment strategy and he will still buy businesses he is happy to hold for the long term, focusing on company fundamentals and valuation anomalies thrown up by the market, the financial firm understands.
Hargreaves Lansdown believes that Woodford’s re-entry to the market presents a ‘rare and exciting’ opportunity for investors.
Mark Dampier, Head of Research, Hargreaves Lansdown, commented: “I have known and invested with Neil for over 20 years. He has remained consistent and true to his long term investment philosophy, refusing to follow the herd and investing in unwanted, unfashionable and unloved sectors and companies. I believe him to be the finest fund manager of his generation and look forward to introducing his new fund to our clients.”

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