InvestmentsSep 30 2014

Woodford gets bronze approval from Morningstar OBSR

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by

Neil Woodford has secured a bronze rating for his CF Woodford Equity Income fund from rating and research company Morningstar OBSR just months after launch.

Morningstar said the manager had been running UK equity income funds since 1988 and was “one of the longest serving managers in the industry” after notching up nearly 25 years at Invesco Perpetual.

“The strategy of this fund is clear, and aims to generate a positive capital return in the long term and grow the income while offering capital preservation,” Morningstar said.

“The strategy used is identical to the Invesco Perpetual Income funds he ran with high conviction, patience and passion.

“He has proven himself willing to stick to his strategy even during periods of poor performance. As a result his long-term track record, which encompasses numerous market cycles, is strong.”