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.

Woodford: 'There are compelling opportunities in unquoted tech'

Woodford: 'There are compelling opportunities in unquoted tech'

Neil Woodford says he has a ‘pretty good idea’ of how his portfolio will look when he starts trading next week and confirmed he will be backing early stage unquoted companies.

The CF Woodford Equity Income fund goes live on 19 June and while he said it is too early to name his likely holdings, unquoted technology companies will be a theme within the portfolio.

‘The UK has some of the best universities in the world, developing some of the best intellectual property,’ he said. ‘Unfortunately, as an economy, we have not had a good track record of converting these great ideas into long-term commercial success.’

He added that the lack of capital for some of these early stage companies ‘has created a compelling opportunity, in my view’.

‘I strongly believe that investing in early stage technology businesses can add meaningfully to the long-term performance of the fund, albeit individual positions will be very small in the context of the overall portfolio and, in aggregate, they will be a relatively small part of the fund,’ he said.

Backing ‘knowledge-based’ industry will have wider benefits for the economy, he added.

Investors will be awaiting the names in Woodford’s top 10 holdings being revealed with most expecting old favourites, such as Astra Zeneca and GlaxoSmithKline to feature prominently.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter