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Woodford Investment Management launches first fund

Thursday 15th May 2014

Newly created asset management company, Woodford Investment Management will act as investment manager to its first fund, the CF Woodford Equity Income Fund, which launches on 2 June 2014.
The fund will be managed by Neil Woodford, head of investments, and will focus on valuation – aiming to identify companies able to deliver sustainable dividend growth.
Capita Financial Managers Limited, which has appointed Woodford Investment Management as the Fund’s investment manager, will act as the Fund’s Authorised Corporate Director (“ACD”).
Craig Newman, chief executive, Woodford Investment Management, commented: “The Fund will have a simplified pricing structure. The only fee investors will pay is the AMC – it takes into account the necessary charges levied to manage and administer the fund.”  
“We are able to keep our fees low, through the use of modern technology and encouraging investors to use fund platforms, execution-only brokers and financial advice channels, rather than buying directly from us. Many investors are still needlessly paying higher fees as a result of buying directly from fund management companies in the past.”
Neil Woodford added: “I will run this new fund in the same way that I have always run money, adopting the same philosophy and the same long-term approach. My passion and energy have never been stronger. Woodford Investment Management has a culture and an environment that gives me the opportunity to focus on investing – and to build a business committed to its clients’ long-term interests.”

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