Neil Woodford had a bit of bad press following the publication of the Sanlam report about two weeks ago, in which he was 'demoted' from the white list to the grey list, and I think there was even a 'sell' recommendation applied.
Then, the High Income fund hit the 25 year anniversary mark and everyone stepped forward (particularly HL) to remind us he is the UK's most successful fund manager.
I held IP Income since I started investing in about 1997, investing monthly over the whole period and it has delivered good, steady performance. I recently sold out taking a very healthy profit, but still have a much smaller amount in IP High Income.
For the long term cautious investor, my opinion is that these funds are a good bet, especially when markets are suffering and especially if complemented with income funds with a different style - Chelverton, Unicorn, JOHCM etc. The IP funds have not been near the top of the performance tables recently.
Edinburgh Investment Trust is another way to access the skills of Neil Woodford, I believe that the ongoing charge is cheaper than the open ended funds, even with the performance fee, but do your own research.
In addition the relatively modest amount I have invested in IP High income, I currently invest in Unicorn, Artemis, Newton Global Higher Income and Newton Asian Income.
