Neil Woodford is considering launching a second equity income vehicle, potentially targeting a higher income and primarily UK-focused but with no geographic restraint.
A questionnaire has been sent to intermediaries this morning to gauge interest for the new product, which would complement the two-year-old £9bn CF Woodford Equity Income fund. According to the proposals, the fund would primarily invest in UK companies but have no geographic restraint. This means it is unlikely to sit in the IA UK Equity Income sector and is more likely to be included in the IA Specialist peer group. One of the options being considered is also a higher target yield of 4.5% for the new fund, compared to the existing Equity Income fund's current yield of 3.7%. The fu...
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