View more on these topics

New Woodford fund added to Wealth 150+ as lowest price secured

Fund can be accessed at a discounted price of 0.60 per cent

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.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com