Neil Woodford: Some investors 'disappointed' with Patient Capital performance

Partly impacted by the Brexit vote

Jayna Rana
clock • 3 min read

It has been a "tough start to the year" for the Woodford Patient Capital Trust but it is still "early days" for the strategy, Neil Woodford has said.

The trust, which was launched in April last year, has had "a challenging half-year period", according to its half-year results. In the six months to 30 June, the trust, which is made up of about 40% unquoted companies and the remainder in small- and mid-cap quoted holdings, lost 16.6% against its AIC UK All Companies sector average which saw a loss of 9.8% during the same period, according to FE. Woodford (pictured) said: "I understand that some investors will be disappointed with the performance so far, but it is early days for a strategy that is looking to exploit very long-term opp...

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