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Jupiter’s Chatfeild-Roberts puts £1bn in Woodford fund

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Jupiter Asset Management’s John Chatfeild-Roberts now holds almost £1bn in Neil Woodford’s equity income fund across the five Jupiter Merlin multi-manager funds, making him “the biggest outside holder” of the £6.18bn fund.

The Jupiter Merlin Income fund has more than £500m allocated to the CF Woodford Equity Income fund, at 13 per cent, while the Jupiter Merlin Growth and Balanced portfolios hold 12 per cent and 8 per cent, respectively.

Chatfeild-Roberts says: “We supported the launch of Woodford’s fund last year. We now have just shy of £1bn in the fund and it has had very good performance.

“I have had money with Woodford since 1997 and I have made clients a lot of money holding his funds in that time. It would be odd not to put money with him. We have a high conviction in him and he has repaid our confidence in spades.”

Over the past year, the Balanced, Growth and Worldwide portfolios have all outperformed their respective sectors, while the Income and Conservative funds have lagged slightly by 0.78 per cent and 0.72 per cent respectively.

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