Woodford adds FTSE 100 quartet to Income Focus fund

AIM exposure almost halved

Neil Woodford initiated positions in a quartet of FTSE 100 stocks for the Woodford Income Focus fund in the six months to 31 July 2019, as he almost halved his allocation to AIM-quoted firms.

Woodford bought £22.67m worth of shares in telecoms giant BT, life insurer Legal & General and banks Lloyds and Royal Bank of Scotland (RBS), WIFF's half-year report to 31 July revealed. BT now accounts for 3.59% of the portfolio as Woodford invested almost £13m in the beleaguered firm. A £7.3m investment in RBS makes the part-taxpayer-owned bank a 2.44% weight, with L&G and Lloyds at 1% and 0.97% respectively. Woodford's role on WPCT remains uncertain Meanwhile, Woodford offloaded his entire stakes in five AIM firms, taking his weighting to the junior market down to 11.02%, from 2...