Woodford launches offshore feeder fund for £9.6bn Equity Income

Available from 13 October

Woodford Investment Management has launched an offshore feeder structure for its £9.6bn Woodford Equity Income fund allowing access to investors outside the UK.

The feeder fund is available from 13 October and will be domiciled in Ireland. It can be accessed by a range of investors both in the UK and overseas, including the Channel Islands and Isle of Man. The vehicle will be a UCITS fund and will be available in sterling, euro and US dollars, as well as in hedged and unhedged share classes. The Woodford Equity Income fund, managed by industry veteran Neil Woodford (pictured), invests primarily in UK listed companies and aims to provide investors with a reasonable level of income together with capital growth. Woodford to manage new UK equi...