Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Play Rathbones' Smith on China's economic hegemony ambitions

Rathbones' Smith on China's economic hegemony ambitions

Discussing China's saving problem, Ed Smith argues that if the country opens up there will be an outflow of capital.

Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Read More
Wealth Manager on Twitter