BT Group (LSE: BT-A) seems to be the odd one out among Neil Woodford’s top 5 holdings, with a yield that’s lower than the market and a recent history of cutting its payout to shareholders. So why has the famous income investor put so much of money into it? Owain Bennallack dives in…
Why Has Neil Woodford Invested 5% Of His Fund In BT Group plc?
VIDEO: One Fool puts BT Group plc (LON:BT.A) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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