In recent months there has been considerable commentary about the shape of the portfolios Neil manages, in particular, the LF Woodford Equity Income Fund (WEIF). In light of this, Neil explains why the fund is positioned as it is today and what this means for investors in the months ahead…
We wanted to take the opportunity to answer some of your follow-up questions relating to the transaction announced last week, in which the LF Woodford Equity Income Fund (the fund) has transferred some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (the trust) in exchange for shares in the trust.
We wanted to let you know that the LF Woodford Equity Income Fund (the fund) has transferred some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (the trust) in exchange for shares in the trust. This step signals the start of a strategy to switch the fund’s unquoted exposure from individual unquoted holdings to shares in the trust.
Thank you to all participants in this year’s Christmas quiz. We hope you enjoyed it. We are now pleased to announce the winner as… Tertius Bonnin, EQ Investors Congratulations! Some champagne will soon be on its way to you and should be with you by Christmas. The six runners-up, receiving a copy of ‘Red Flags:
The net asset value of the Woodford Patient Capital Trust and the Woodford Equity Income Fund have today seen material uplifts, as a result of developments at Industrial Heat.
Proton Partners, which is held in the Patient Capital Trust and Equity Income Fund portfolios, has reached a significant milestone treating the first patient in the UK with a ground-breaking cancer treatment.