Woodford Investment Management is expected to launch a new income ‘focus’ fund in March.
Ryan Hughes, head of fund selection at AJ Bell, comments:
“The new fund from Woodford will look to complement the existing fund by focusing on a higher level of income with an attractive yield target of 5% at launch. With the demand for income an ever increasing trend, it is little surprise that the new Income Focus fund will look to tap into that need. 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.”