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

Woodford’s new fund powers into second place on best-seller list

Written by:
Neil Woodford’s new high income fund has stormed to second place in the best-seller charts despite only launching a fortnight ago, figures from fund platform AJ Bell Youinvest reveal. 

While the £8bn Fundsmith Equity product, managed by city veteran Terry Smith, was the most purchased fund on the platform during the first three months of the year, the Woodford Income Focus fund entered the top ten at number two.

Woodford’s new fund, which launched on 20 March, prioritises income and aims to deliver a 5% yield by the end of 2018.

His original Woodford Equity Income fund remained popular, taking fourth position.

Ryan Hughes, head of fund selection at AJ Bell, said: “Neil Woodford’s expertise and investment track record have given him an enviable reputation with DIY investors and they embraced his new fund via our platform in the run up to the end of the tax year.

“With the demand for income an ever-increasing trend, an attractive yield target of 5% at launch has grabbed investor’s attention.”

Four passive funds from Vanguard occupied spots in the top ten most purchased list, according to the platform, which has around 70,000 DIY investor clients.

Three of these were from the Vanguard Lifestrategy range, which are all-in-one portfolios containing a selection of Vanguard’s low-cost trackers.

Jupiter India and Fidelity Global Technology were popular choices for specialist exposure.

“It’s interesting to see Jupiter India again in the top 10 as investors appear to have shrugged off the concerns at the end of last year generated by prime minister Modi’s withdrawal of all 500 and 1,000 rupee notes,” said Hughes.

Top ten most purchased funds via AJ Bell Youinvest, January-March 2017:

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