Woodford New Fund Launch Fails to Match Past Flows

NEWS YOU CAN USE: April saw fund launches from Woodford, Fidelity and Jupiter – and mixed fortunes reported for some of the UK’s biggest asset management houses

Emma Simon 27 April, 2017 | 3:08PM
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April has been a busy month for investors: the unexpected news that there will be a General Election in June has caused markets to wobble, as has the first round of the French Presidential elections.

There was a handful of new funds launched too – and mixed fortunes reported for some of the UK’s biggest fund management houses.

New Woodford Fund Raises £533m

The Woodford Income Focus fund raised £553 million during its initial offer period this month. Although this is significantly less than other funds launched by Woodford Investment Management, it still compares well to most fund launches.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Albion VCT Ord54.50 GBP0.00
Fidelity Global Qual Inc ETF Inc7.69 USD-2.16Rating
Fidelity US Quality Income ETF Acc9.63 USD-2.25Rating
LF ASI Income Focus A Sterling Acc65.07 GBP-2.41Rating
LF Equity Income A Sterling Acc3.39 GBP0.00
Schroder UK Public Private Trust Ord34.67 GBP2.42Rating
Unicorn AIM VCT Ord203.08 GBP-1.90

About Author

Emma Simon

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