Schroders and BlackRock eye up Woodford Income Focus - reports

Final fund of beleaguered manager

Schroders and BlackRock are thought to be the frontrunners to take charge of Neil Woodford’s Income Focus fund.

The £253m fund is the last of Woodford's funds to be taken over, as the once star manager winds up shop, with Schroders and BlackRock already taking over the other two products. Schroders won the mandate for the Woodford Patient Capital Trust, while BlackRock oversee the more liquid side of the Woodford Equity Income fund. According to sources quoted by The Telegraph, the two firms are now the most likely to take over the one remaining fund, to avoid it being wound up. Woodford ACD Link: We acted in investors' best interests The Income Focus fund has been suspended since the day...