Woodford: UK Equities Face a Difficult Future

Top UK equity fund manager Neil Woodford is bearish on the UK economy and the stock market - and his views are shared by five-star manager Terry Smith too

Emma Wall 14 April, 2016 | 4:28PM

UK equity investors have a lot to be worried about, according to star fund manager Neil Woodford. Markets are challenged, stocks are expensive and growth is subsiding – and that is against a backdrop of political and economic uncertainty.

Speaking at a briefing hosted by Jupiter’s multi-manager Merlin team yesterday, Woodford said that central banks globally were ill-equipped to deal with the challenge of fending off another recession and encouraging growth.

“The economy looks awful. We face a very difficult future,” he said. “Finding value and retaining a robust filter is harder than ever – fund management is a much more difficult job now than it has been in the past.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fundsmith Equity R Acc4.85 GBP-0.75
LF Woodford Equity Income A Sterling Acc4.72 GBP-39.31
Woodford Patient Capital Trust26.75 GBP-0.92

About Author

Emma Wall  is former Senior International Editor for Morningstar

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