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

Woodford’s new income fund drops out of top traded list

Written by: Paloma Kubiak
Star manager Neil Woodford’s Income Focus fund has dropped out of a platform’s top traded list, just five months after launch.

The Woodford Income Focus fund, which prioritises income and aims to deliver a 5% yield by the end of 2018, launched in March 2017.

Investors piled into the second open-ended fund in the Woodford Investment Management’s staple, resulting in its consistent appearance in The Share Centre’s top traded funds list.

However, it’s fallen out of the top traded funds in July, according to the platform, while three new funds have entered the list, all of which have an income focus.

It appears investors are seeking geographical diversification as all of the top 10 have an interest overseas.

Here are the top 10 traded funds in July:

  1. CF Woodford Equity Income
  2. Fundsmith Equity
  3. Jupiter India
  4. Legg Mason Japan
  5. Lindsell Train Global Equity
  6. AXA Framlington Global Technology
  7. Man GLG Continental European Growth
  8. Vanguard LifeStrategy 100% Equity
  9. JPMorgan US Equity Income
  10. Fidelity Global Dividend

Sheridan Admans, investment manager at The Share Centre, said: “July’s top ten traded funds list has pulled out a few surprises, the first of which is that after being consistently present since its launch, Neil Woodford’s Income Focus fund has dropped out, being replaced by more funds offering investors geographical diversification and income from overseas sources.

“Could Neil selling out of a number of well-known companies including BAT have knocked investors’ confidence during July? Probably not, given that the data, which is based on the number of trades made by customers at The Share Centre, confirms that the longer established CF Woodford Equity Income fund has crept back to position itself as the most popular fund in July.”

The Fundsmith Equity fund, from renowned fund manager Terry Smith, retains its top three position.

India has been capturing investors’ attention as the government continues its reform agenda and Japan has been pursuing sustainable inflation so Admans said it’s no surprise they feature in the list.

The Lindsell Train Global Equity fund offers investors wider geographical diversification while the AXA Framlington Global Technology provides investors with an opportunity to benefit from an ever changing landscape.

Man GLG Continental European Growth’s appearance reinforces the wish for investors to diversify away from the UK as it has a core portfolio of European equities.

Index tracker Vanguard LifeStrategy 100% Equity is the first of three new funds to enter the list in July.

“The other two new entrants come in the form of JPMorgan US Equity Income and Fidelity Global Dividend. Both of these funds aim to provide income to investors through a variety of well-known global large and mid-cap companies,” Admans said.

There are 1 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.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

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.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week