Neil Woodford
Encyclopedia
Neil Woodford is head of investment for Invesco Perpetual
in the UK and has been described as "one of the best known and best performing fund managers in the UK market today".
in 1981, Woodford began his career with the Dominion Insurance Company. In 1987 he became a fund manager with Eagle Star, then moved to Invesco Perpetual in 1988. He has also pursued postgraduate studies in Finance at the London Business School
.
The High Income Fund is Britain's largest investment fund, and accordingly has considerable influence over the sectors he invests in - describing negotiations with government over water pricing, he said: "We had a meeting with a minister only last week. If we can't get an attractive, risk-adjusted return, then they won't get the infrastructure investment they want. We're not a charity."
Woodford has a reputation as a fund manager who can provide stability and reliability even in turbulent market conditions. The High Income fund has grown in value by 292.5% (14.7% annualised) over the past 10 years, while the Income fund has grown 301.7% (14.9% annualised) over the past 10 years. Both funds adopt a High Yield approach to investing, as they are in the Equity Income sector, focusing on companies that pay a high dividend yield. Current holdings are focused on the tobacco, telecoms, and utilities sectors, which all have a high dividend yield relative to the share price
, as a result of perceived risks (respectively legal action from smokers/health bans, charging pressures and regulator action) restricting share price rises.
Invesco Perpetual
Invesco Perpetual is an investment company based in Henley-on-Thames, Oxfordshire, England.-Description and history:It was originally founded by Sir Martyn Arbib as Perpetual Mutual and then Perpetual plc...
in the UK and has been described as "one of the best known and best performing fund managers in the UK market today".
Career to date
After graduating in Economics and Agricultural Economics from University of ExeterUniversity of Exeter
The University of Exeter is a public university in South West England. It belongs to the 1994 Group, an association of 19 of the United Kingdom's smaller research-intensive universities....
in 1981, Woodford began his career with the Dominion Insurance Company. In 1987 he became a fund manager with Eagle Star, then moved to Invesco Perpetual in 1988. He has also pursued postgraduate studies in Finance at the London Business School
London Business School
London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
.
Current responsibilities and reputation
Woodford runs the Invesco Perpetual Income, and Invesco Perpetual High Income funds, with respectively £4.17 billion and £6.69 billion in assets.The High Income Fund is Britain's largest investment fund, and accordingly has considerable influence over the sectors he invests in - describing negotiations with government over water pricing, he said: "We had a meeting with a minister only last week. If we can't get an attractive, risk-adjusted return, then they won't get the infrastructure investment they want. We're not a charity."
Woodford has a reputation as a fund manager who can provide stability and reliability even in turbulent market conditions. The High Income fund has grown in value by 292.5% (14.7% annualised) over the past 10 years, while the Income fund has grown 301.7% (14.9% annualised) over the past 10 years. Both funds adopt a High Yield approach to investing, as they are in the Equity Income sector, focusing on companies that pay a high dividend yield. Current holdings are focused on the tobacco, telecoms, and utilities sectors, which all have a high dividend yield relative to the share price
Share price
A share price is the price of a single share of a number of saleable stocks of a company. Once the stock is purchased, the owner becomes a shareholder of the company that issued the share.-Behavior of share prices:...
, as a result of perceived risks (respectively legal action from smokers/health bans, charging pressures and regulator action) restricting share price rises.