Neil Woodford is to launch his long-awaited equity income fund at the start of next month with a flat fee structure that will see his firm absorb admin costs.
Woodford (pictured), whose new venture is now up and running following the recruitment of a range of managers and support staff, will launch his new Woodford Equity Income fund on 2 June. The offer period for investors will run from 2 June to the 19 June, and the fund will start trading on 20 June after the offer period closes. It will launch with four separate share classes, each of which will levy an ongoing charge that absorbs administration costs (excluding turnover fees). The 'A' share class will have an AMC and ongoing charge of 1%, the 'C' class will charge 0.75%, the 'Z' cl...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
