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

Neil Woodford optimistic about the UK as he reveals all 50 stocks in his new fund

0
Written by:
17/05/2017
Star manager Neil Woodford has revealed all 50 holdings in his new income fund for the first time.

Woodford appears to be optimistic about the state of the UK domestic market with banks (Lloyds Banking Group) homebuilders (Taylor Wimpey, Barratt Developments) and building material firms (Forterra) all featuring in the Income Focus Fund.

The new offering aims to deliver a higher rate of income than Woodford’s flagship Equity Income fund.

There is some overlap between the two funds, with companies such as AstraZeneca, Legal & General and Provident Financial appearing in both.

However, the new fund is more concentrated, with 50 holdings compared to 131 in the Equity Income fund.

Commenting on his stock selection, Woodford said: “In the run up to the launch of the Income Focus Fund I had said that I believed there was an attractive domestic opportunity, in part because people were too downbeat about the UK economy. The new portfolio is a manifestation of this view but in a more income-focused way.”

He said the “bearish mood” has resulted in share price falls in some domestic cyclical sectors.

“I have been taking advantage of some of the depressed valuations in domestic cyclicals, selectively buying stocks in sectors such as housebuilders, banks, construction, building materials and property for the new fund.

“There are also some familiar names in the portfolio, which is in great shape and I am extremely confident it will deliver the income target we set when we launched the fund in March.”

The full list of holdings can be viewed here.

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.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

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...

Money Tips of the Week