Woodford Trust Loses Cash in Year One

NEWS YOU CAN USE: March was a busy month for fund management - not least because of the Budget and US political uncertainty. We round up the latest fund news and views

Emma Simon 24 March, 2016 | 12:16AM

March has been an uncertain month. One of the cornerstones of the financial year, the Budget, had to be revised 48 hours after it was delivered, after planned welfare cuts were abandoned.

But political questions about how the books will be balanced don’t detract from fact that this still looks like an excellent Budget for savers and investors: with future cuts to capital gains tax, a new ‘Lifetime ISA’, and no plans – as yet at least – to abolish higher-rate tax relief on pensions.

There are other uncertainties though, not least around the forthcoming ‘Brexit’ vote.  The Bank of England said that the uncertainty around this debate itself could pose a risk to economic growth regardless of what the outcome of the referendum. However, Peter Hargreaves, founder of stock broker Hargreaves Lansdown, was less pessimistic, saying fears about leaving the EU were “overblown”.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
JPM Global Unconstrained Eq A Net Acc18.45 GBP0.16
Jupiter Fund of Investment Trusts270.67 GBP-0.45
Jupiter Monthly Alternative Income Acc119.38 GBP0.13
Jupiter UK Alpha  
Jupiter UK Growth fund210.09 GBP-1.00
Jupiter UK Growth Ord192.07 GBP1.89
Woodford Patient Capital Trust25.86 GBP1.60

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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