Investors flock to Woodford's new high-income fund

Added 19th April 2017

Neil Woodford's newest fund has raised more than £550m during its initial offer period.  

Investors flock to Woodford's new high-income fund

Opened for investment on 20 March, the CF Woodford Income Focus Fund raised £553m by the time of its launch date just under three weeks later the firm announced.

The fund, the third launched by Woodford Investment Management, aims to provide investors with a “high level of regular and sustainable income” and target an income of 5p per share per year.

However, the amount did not come close to matching the £1.6bn raised at the launch of Woodford’s flagship Equity Income Fund in June 2014.

Woodford, who will manage the fund himself, said: “I am very excited by the income prospects of the companies within the portfolio.

"In a low interest world, an income-focused equity portfolio is an attractive proposition for investors, while the lack of geographic restraints allows me to access quality income stocks regardless of their location.”

News of the fund’s early success followed news that the Income Focus fund and Equity Income fund dominated sales through The Share Centre in March.

 

Kames Income Hub

home_research_centre

Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

AXA Distribution Fund
AXA Distribution Fund

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

Profiles

Viewpoint

Investment Strategy

Feature

Tweets

Events

PA Channel Islands 2017
PA Channel Islands 2017

Wednesday 24 May
Royal Yacht Hotel, Jersey

PA UK Equity 2017
PA UK Equity 2017

Thursday 15 June
Radisson Blu Edwardian Bloomsbury Street Hotel

PA Investment Trusts 2017
PA Investment Trusts 2017

Tuesday 20 June
Furniture Makers' Hall

PA Income 2017
PA Income 2017

Tuesday 4 July
Radisson Blu Edwardian Bloomsbury Street Hotel 

OTHER STORIES FROM LAST WORD...