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

No geographical constraints

Woodford Investment Management is set to launch a higher income fund in March, which will invest without geographical constraints.

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 unlike the £9.6bn CF Woodford Equity Income fund, Investment Week understands.  Woodford launches offshore feeder fund for £9.6bn Equity Income 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 per share income over a five-year rolling period. It will not target a specific yield but is expected to yield at least 20% mor...