Neil Woodford’s new fund, CF Woodford Equity Income will launch on 19 June 2014.
The Commshare advert you referred to is simply a marketing attempt to try and encourage you to buy the fund via them. Since Commshare is a very expensive way to buy funds – you have to pay Commshare 0.24% and as well underlying platform Cofunds 0.23% - they are probably best avoided unless you specifically want to use them.
You might find my www.comparefundplatforms site (which includes Commshare) useful.
A few other discount brokers and platforms are pushing the fund by highlighting a ‘fixed offer price’ of £1 per unit between 2-18 June. Again, this is pure marketing spin – there is no advantage in doing so before the fund launches on 19 June. Your money will simply sit in cash with the platform until the morning of 19 June, since the fund cannot be purchased before then.
Funds are quite a different scenario from shares, where a fixed price can have some benefit of you expect the price to soar on launch. Since a fund’s price must reflect the value of the underlying investments and is only normally calculated once a day (at midday in this instance), the price if you invest on the morning of 19 June will have to be £1.
You can read about this and other points concerning the fund in my article here.