Neil Woodford’s new fund has been added to Hargreaves Lansdown’s Wealth 150+ list after the platform was able to secure the cheapest share class for Vantage clients.
Investors can access the CF Woodford Equity Income fund’s Z share class with an ongoing charge of 0.6 per cent. This includes Hargreaves’ annual loyalty bonus of 0.05 per cent on the share class’s stated ongoing charge figure of 0.65 per cent. Hargreaves’ price is therefore a 0.15 per cent discount on the fund’s standard unbundled share class charge of 0.75 per cent.
Opening on 2 June for a three-week offer period, the launch price of the fund is £1.
Head of research Mark Dampier says: “The upshot of this is investors have access to a top-flight fund manager at a bargain price. I have no hesitation in adding the fund to our Wealth 150+ list of favoured funds.”