News Column

£2.4BN WOODFORD FUND INVESTS IN ROYAL MAIL

August 6, 2014



Star hedge fund manager Neil Woodford has taken a stake in Royal Mail through his new 2.4bn CF Woodford Equity Income fund. Woodford invested 1.5 per cent of his fund's assets in the stock last month. "This [Royal Mail] is fundamentally a very attractive, cash generative business," said Woodford on his investment. Royal Mail's shares have fallen over 20 per cent in the last month, closing at 405.5p yesterday.


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Source: City A.M. (UK)


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