Wealth Manager - Essential news for investment professionals

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.

Related Fund Managers

Neil Woodford
Neil Woodford
29/72 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 58.64%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter