Woodford IM to launch higher income 'Focus' fund in March

The CF Woodford Income Focus fund will invest in a portfolio of listed securities, unconstrained by geographic region, but will not invest in unquoted companies like the £9.6bn CF Woodford Equity Income fund, Professional Adviser's sister title Investment Weekunderstands.  The vehicle will aim to deliver an income of 5p per share in its first full calendar year in 2018, after which it will aim for modest sustainable growth in income over a five-year rolling period. It will not target a specific yield but is expected to yield at least 20% more than the income delivered by the FTSE All Sh...