You are here: Home - Investing - Experienced Investor - News -

Neil Woodford to launch higher income fund

0
Written by:
01/02/2017
Star fund manager Neil Woodford is to launch a new higher income equity fund in March.

The CF Woodford Income Focus fund will aim to pay a dividend of 5p per share in its first calendar year in 2018.

The new fund will have the scope to invest across geographic region and will not invest in unquoted companies, differentiating it from Woodford’s hugely popular Equity Income product.

Woodford expects the fund to yield at least 20% more than the income delivered by the FTSE All Share index over a rolling five-year period.

Woodford is one of Britain’s best known fund managers. His existing equity product dominated the fund bestseller charts last year.

He set up Woodford Investment Management in 2014 after quitting Invesco Perpetual.

A spokesperson for Woodford said: “Woodford Investment Management confirms that it intends to launch the CF Woodford Income Focus Fund in March 2017, with a fixed-offer period. The dates will be confirmed in due course.”

Mark Dampier, head of investment research at Hargreaves Lansdown, said: “The new fund differs from Woodford Equity Income by focusing on producing a high income. With a million more people reaching age 65 by 2020 the need for income with interest rates so low has never been greater.”

Ryan Hughes, head of fund selection at broker AJ Bell, said: “By specifically excluding unquoted stocks, the focus on income generation is clear while the flexibility to look overseas will also offer a much wider opportunity set should the UK economy falter in the face of potential headwinds from the forthcoming Brexit.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2298502-nhs-doctor-using-a-computer
GPs are still Britain’s worst drivers

GPs have been crowned Britain's most accident prone drivers for the fourth year in a row. 

Close