Woodford Investment Management has today launched an offshore feeder fund for the CF Woodford Equity Income Fund.
Domiciled in Ireland, it will provide investors outside the UK with an opportunity to invest in one of the country’s most popular funds and will be available in sterling, euro and US dollars, as well as in hedged and unhedged share classes.
Craig Newman, chief executive at Woodford, said: “Launching an offshore feeder fund is a natural extension to our fund range.
“It gives wealth managers based in the Channel Islands and Isle of Man, and clients domiciled outside the UK who supported Neil in the past, the opportunity to invest in his equity income strategy again.”
Since launch, the fund has been the top ranked fund in the IA Equity Income sector, having returned 29.8 per cent compared with the FTSE All Share Index, which has returned 12.2 per cent over the period.
Woodford first indicated it was eyeing up the launch of an offshore fund in August.