Who is taking a punt on CF Woodford fund?

robatwork

<- puts hand up (Acc). Possibly more heart than head, hoping he will outperform my tracker and hence the fees....

Leothecat

I've just opened a SIPP for my 11 year old dd. Yes I'm taking a punt.

talexuser

I've had his Invesco HI fund since peps in 1995, and it is the only fund I have never switched over all those years.

I would say based on his previous record he is worth a punt providing 2 conditions:

a) you are bearish and think we are in for a correction (he has underperformed recently for being relatively defensive) and

b) you don't panic and bail out at the first short term downturn. HI had underperformed for the odd year or 2 when he was contrarian to the rest of the market and then bounced back ahead successfully when eg technology and then banks crashed.

Also the new Perpetual manager has outperformed Woodford the last couple of years since in relatively smaller companies (alternatively since less defensive) which have had more of a bull run. He may well do as well, we don't know, but the charges are marginally higher at Invesco for those staying.

kar999

I have been invested in IP High Income for over 20 years and made very significant gains. I have £2.5k spare cash in my S&S isa so will be investing that in his new fund just for the hell of it but that will be all. I'm still overweight in that sector and I didnt follow the sheep and sell out of his old funds. I'm drip feeding my allowance this year into other sectors.

Onawingandaprayer

Hand up...

mike88

I'll wait a while and will switch 20% of my holding in IP High Income into this fund. As a holder of IP High Income since the early 90's my initial £7k
investment has done very well.

le_loup

Yes for around 2.5% of my portfolio as part of my move out of small caps.

robatwork

Leothecat wrote: »

I've just opened a SIPP for my 11 year old dd. Yes I'm taking a punt.

I would have thought a more aggressive fund may suit a near 60 year investment...but hopefully will teach her the wisdom of "time in the market".

Thanks for all opinions so far - expect a post in about a year bemoaning his disappearing midas touch.

zenmaster

I've just sold £1600 worth of shares as the dividends were barely covering the fees. I decided to reinvest it in my/my wife's SIPP.

As it's a "side bet" I've put £800 each into the Woodford fund and will add the HMRC contribution when it arrives.

Thrugelmir

Wait and see what stocks get bought. Appears that he is after buying assets from his old employers.

jimjames

Rollinghome wrote: »

Is there any reason why you'd want to invest before you see how it goes? Buying a new unit trust/oeic doesn't have the same potential advantages of buying a popular new share issue/IPO.

He will have the advantage of starting with a clean slate but when Mr Woodford gets your dosh he'll have the options of just sitting on it or investing it asap with the likelihood of pushing up prices. A few months down the line the fund will be invested and you'll have the advantage of seeing what it is you're actually investing in.

Good point. The downside of investing when he starts out is that your money won't be invested immediately so initial performance may not be that good as only part of the portfolio will be active.

May be better to invest in a month or two once all has been built up.