It's not just Aim that is celebrating a birthday. Star fund manager Neil Woodford is celebrating one year since he left Invesco and set up Woodford Investment Management and the Woodford Equity Income fund.
The fund is easily outperforming its sector, up 16.5 per cent for the year, compared with an increase of 7.8 per cent.
In a video reviewing his first year Woodford said his cautious view had “helped frame expectations”, saying there was no “dramatic shift in strategy or exposure” over the year.
Much of the strong performance had been driven by small caps, with Woodford acknowledging his larger cap picks had “not performed terribly well”. He identified 4D Pharma, Allied Minds and Oxford Pharma as stocks he was particularly pleased with.
Not being exposed to oil and mining had helped the fund weather some of the underperformance in those sectors, he added.
Check out the video below for more.