Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Jupiter Merlin team buys into Woodford fund

Jupiter Merlin team buys into Woodford fund

Jupiter's Merlin multi-manager team has bought into Neil Woodford's CF Woodford 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 now contains £2.2 billion.

Citywire AAA-rated Barnett, who sits in the same Citywire sector as Woodford, has returned an average of 59.1% through his funds in the category 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 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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

John Chatfeild-Roberts
John Chatfeild-Roberts
160/185 in Equity - Global Equities (Performance over 3 years) Average Total Return: 23.50%
Mark Barnett
Mark Barnett
9/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 63.70%
Neil Woodford
Neil Woodford
29/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 48.53%
Citywire TV
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter