Woodford Income Focus fund raises £553m at launch

Launched on 20 March

Tom Eckett
clock • 2 min read

Neil Woodford's latest mandate, the Woodford Income Focus fund, has raised £553m since its launch on 20 March.

The new fund has not raised as much as the manager's other funds at launch, with the £9.6bn Woodford Equity Income fund raising £1.6bn, and the £765m Patient Capital trust raising £800m. However, £553m was still a significant amount when compared with the average fund launch. As Hargreaves Lansdown senior analyst Laith Khalaf pointed out: "Neil Woodford's new offering has proved a hit with investors, which is not too surprising given his pedigree, low management charges, and the fund's focus on a higher income. "The new fund has not raised as much as the first offering launched by Woo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on UK

UK businesses to pay four times more for electricity than in 2020
UK

UK businesses to pay four times more for electricity than in 2020

Calls for Covid-style support for energy bills

clock 25 August 2022 • 1 min read
UK

IA Global sector enjoys record £934m sales in April

Reduced UK outflows

Sam Shaw
clock 06 June 2019 • 2 min read
UK

Dan Kemp: What UK investors can learn from the Champions League

Set new goals

Dan Kemp
clock 31 May 2019 • 3 min read