Clear The Air News Tobacco Blog Rotating Header Image

Tobacco investor defends £1bn of shares in the industry

One of the UK’s best-known investors, Neil Woodford, has defended himself against claims he is endorsing an industry that other investors have shunned.

Mr Woodford, who owns over £1bn worth of shares in tobacco companies, told Wake Up to Money that during his career the industry has ‘outstripped every single other sector by a mile’.

Establishing himself as one of the UK’s best-known investors while running funds for Invesco, Mr Woodford set up his own firm in 2014, and now manages around £14bn of clients’ funds.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>