Cofunds misses out on discounted Woodford share class

clock

Cofunds is set to list Neil Woodford's equity income fund next month, but will not offer advisers access to the manager's discounted share class.

The platform will carry the C share class for the CF Woodford Equity Income fund priced at 75bps, not the Z share class priced at 65bps. Cofunds head of marketing Stephen Wynne-Jones said open architecture platforms would not be allowed to carry the cheaper share class. "We understand Woodford's Z class is only available where distribution is influenced," he said. "As an open architecture platform, we do not influence distribution, as we allow advisers to choose what funds they want and do not dictate what they choose." Woodford, who quit Invesco Perpetual to launch his own bout...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read
Aberdeen's Kenny: 'We need to get our flows into positive territory'

Aberdeen's Kenny: 'We need to get our flows into positive territory'

CDO on service, technology and ‘moving the dial’

Isabel Baxter
clock 13 March 2025 • 4 min read
Platform innovation: Terry Huddart on Abrdn's Cash Solution

Platform innovation: Terry Huddart on Abrdn's Cash Solution

'I see this as another positive market development'

Terry Huddart
clock 27 February 2025 • 5 min read