Neil Woodford is running his largest allocation to overseas stocks since 2013 as he begins management of his new UK equity income fund.
The manager has taken his CF Woodford Equity Income fund’s exposure to overseas equities to 18.7%, just shy of the 20% limit. This represents the highest level since March 2013, according to FE data. A long-term holder of overseas companies, Woodford has increased this weighting since leaving Invesco Perpetual earlier this year. When Woodford (pictured) handed over responsibility for the Invesco Perpetual Income and High Income funds, he had more invested in UK stocks than the 80% he now has in his new fund. The stocks making up his current international exposure include pharmaceut...
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