Woodford's Equity Income Fund Earns a Bronze Rating

FUND RESEARCH UPDATE: Our analysts have given a Bronze nod of approval to Neil Woodford's new income fund

Ruli Viljoen 30 September, 2014 | 12:32AM

Morningstar OBSR analysts have awarded the CF Woodford Equity Income fund a Bronze rating. The fund is managed by Neil Woodford, who founded Woodford IM in 2014 after his departure from Invesco Perpetual, where he'd earned himself a legendary reputation as the long-term manager of the IP Income and High Income funds as well as the Edinburgh Investment Trust (EDIN). 

Woodford has been managing UK equity income funds since 1988 and is one of the longest serving managers within the industry. The strategy of his new fund is clear, and aims to generate a positive capital return in the long term and grow the income whilst offering capital preservation. The strategy used is identical to the IP income funds he ran with high conviction, patience and passion.

Woodford has proven himself willing to stick to his strategy even during periods of poor performance. As a result, his long-term track record, which encompasses numerous market cycles, is strong. We have therefore awarded the fund a Bronze rating.

Registered users of Morningstar.co.uk can read the Morningstar report on Woodford's fund by logging in. Premium members should also log in to benefit from our full analyst report encompassing each of the Morningstar pillars: People; Parent; Process; Performance; and Price. Take a free 14-day trial of Premium here

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
LF Woodford Equity Income A Sterling Acc78.06 GBP-0.09

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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