Woodford unveils fresh detail on 'final product' he will run; Income Focus fund will sit in Specialist sector

More concentrated offering

Woodford Investment Management has revealed further details about its new Income Focus fund, the third product to be managed by Neil Woodford, ahead of next month's launch.

Initial details about the new fund emerged at the end of last month with the group confirming the CF Woodford Income Focus fund, its second open-ended vehicle, will be launched on 20 March 2017. Woodford (pictured), who set up the business and already runs the £9.6bn Woodford Equity Income fund and £765m Patient Capital trust, said the new offering will be the "final product" he will run as manager and will focus on income. This focus will define the difference between the existing equity income fund and the new launch; some 25% of the existing vehicle is invested in unquoted companie...