The Woodford Equity Income Fund.

Neil Woodford is the former rock star fund manager at Invesco Perpetual.
He runs the new CF Woodford Equity Fund is the new equity fund that has just launched.

[https://woodfordfunds.com/the-woodford-equity-fund/]

With £1.6bn under management in the CF Woodford Equity Fund its top 10 holdings are:

AstraZeneca 8.3%
GlaxoSmithKline 7.1%
British American Tobacco 6.2%
BT 6%
Imperial Tobacco 5.3%
Roche 3.9%
Imperial Innovations 3.6%
Reynolds American 3.6%
Rolls-Royce 3.5%
Capita 3.4%

So with £1.6bn under management on day one and holding world class companies like BT and Astra Zeneca on day one, and also very interesting to see Neil backing British start-ups like Imperial College’s technology spin out Imperial Innovations, a small tech investor that invests in technology companies whose roots are from the University of London’s science and technology university.

We see that the fund has 6% of its £1.6 Billion in BT plc, the world’s most dynamic telecoms and media player, that equates to an investment of £96 Million into BT.
With the BT share price at about £3.80 (Fri 11th July) that means the CF Woodford Equity Fund has about 25,263,157 shares in BT, about 25 million shares in the worlds most innovative telecoms company.

Neil Woodford backing British Industry.

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