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Jupiter Merlin team buys into Woodford fund

Jupiter's Merlin multi-manager team has bought into Neil Woodford's new fund and is continuing to back his former colleague Mark Barnett. 

 
Jupiter Merlin team buys into Woodford fund

Jupiter's Merlin multi-manager team has bought into Neil Woodford's CF Woodford Equity Income fund via the Jupiter Merlin Growth , Jupiter Merlin Balanced and Jupiter Merlin Income funds.

The Merlin managers stated that Woodford had been 'known to the team for a long time', as they had invested in his former funds at Invesco Perpetual.

'It is important to stress that we also continue to support his ex-colleague Mark Barnett, who now heads up the UK team at Invesco Perpetual,' they added.

The team, headed by John Chatfeild-Roberts, said they were 'very excited about the long-term prospects' of both Woodford's and Barnett's funds.

'We were very happy investors for many years in Neil Woodford's funds while he worked at Invesco Perpetual and have supported him in his new venture,' commented Chatfeild-Roberts.

'We believe that both Neil and Mark are very talented long-term investors and are excited about the potential returns they could generate for our portfolios and, as a result, our investors.'

Citywire A-rated Woodford has returned 48% over the past three years, versus an average of 40.1% from his UK Equity Income sector, and raised a record £1.6 billion for his new fund during its June offer period. The fund has now grown to £2.2 billion.

Citywire AAA-rated Barnett (pictured above), who sits in the same Citywire sector as Woodford, has returned an average of 59.1% through his funds in that sector during the three-year period.

The Merlin team still holds Barnett's Invesco Perpetual Income fund within the £4.7 billion Merlin Income , £1.6 billion Merlin Balanced , and £1.9 billion Merlin Growth portfolios too.

The team has also added the fund, managed by Citywire AA-rated , to its  and  funds.

Yarrow's Evenlode Income fund has returned 49.6% over the past three years, compared with an average of 40.1% from the UK Equity Income sector. Rathbone Income has generated 47% through the same period.

The giant Merlin Income fund, a Citywire Selection pick, has returned 21.4% over the past three years compared with an average of 16.9% from its Mixed Assets - Balanced peer group. It also has a top-quartile maximum drawdown and Sharpe ratio for the period.

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  • Jupiter Merlin Income Portfolio Inc
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  • Jupiter Merlin Balanced Portfolio Acc
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  • Jupiter Merlin Growth Portfolio Acc
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  • CF Woodford Equity Income C Inc
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  • Invesco Perpetual Income Inc
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  • Invesco Perpetual UK Strategic Income (No Trl) Inc
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  • John Chatfeild-Roberts
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  • Mark Barnett
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  • Neil Woodford
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