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Woodford Investment Management attracts record inflows for new fund

Wednesday 2nd July 2014

Woodford Investment Management, the newly created asset management company, has announced that it raised £1.6bn during the offer period for its CF Woodford Equity Income Fund. 
 
The offer period, which began on 2 June, closed at noon on 19 June 2014. Daily pricing of the fund started on 20 June 2014.
 
Since trading began at noon on 19 June 2014, about 95% of the portfolio has been invested in the market. Woodford Investment Management has confirmed that it intends to disclose the entire portfolio on a monthly basis on its website, starting in July.
 
Craig Newman, chief executive, Woodford Investment Management, said: “We are thrilled to have had such support from investors. We understand the great responsibility we have been given to deliver the long-term investment returns they anticipate and we are committed to achieving that objective.”
 
“We want to be open and transparent with our investors and this is why we will publish the fund’s entire portfolio on the website so that everyone can see where their money is invested, rather than just the top ten holdings as many companies do. We expect this to be available by mid-July.”
 
Neil Woodford, head of investment, Woodford Investment Management, added: “I am really excited with the portfolio that I have been able to build for this fund.”
 
“I have met businesses in recent weeks that have immense potential and offer fantastic investment value. My entire focus is finding companies like this that I believe can deliver long-term value to the investors that have the confidence to invest in my fund.”
 





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Editorial Contact Details - Conor Shilling
conor.shilling@angelsmedia.co.uk
0845 672 6000
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