Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Woodford: 'There are compelling opportunities in unquoted tech'

by James Phillipps on Jun 13, 2014 at 14:41

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the fund managers

  • Neil Woodford
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet