Woodford: Passive Funds Won't Deliver

Veteran fund manager Neil Woodford says that in a low inflation, low growth environment there are few opportunities for returns, but an active manager can really earn his fee

Emma Wall 12 February, 2015 | 4:41PM

The World economy is a difficult place – and according to veteran fund manager Neil Woodford things are going to get worse before they get better.

“I have been cautious for some time. The growth that policy makers pray for is a very long way off – and this is a problem for the world economy,” he said.

Woodford was speaking at a dinner to announce the launch of a new investment trust, the Woodford Patient Capital Trust, which will invest up to 75% small start-up companies – a mix of unquoted and quoted equities – with the remainder invested in larger undervalued companies.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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