3 Global Stocks in Woodford's New Income Fund

Neil Woodford this week revealed the full portfolio of his new Income Focus fund - including three stocks listed outside of the UK

Emma Wall 18 May, 2017 | 3:07PM

Neil Woodford has revealed the full portfolio of his newly launched Woodford Income Focus fund. The open-end fund is invested in 50 companies, with a predominantly UK focus. The largest sector representation is financials with 19 companies, followed by 10 industrial stocks, and six consumer goods companies. The largest holding in the portfolio is AstraZeneca (AZN) at 7.4%, followed by Legal & General (LGEN) at 6.6% and Imperial Brands (IMB) at 4.9%.

This mirrors the Woodford Equity Income fund with 8% in Astra, 7.3% in Imperial and 5.6% in Legal & General.

“I have recently said that I believed there was an attractive domestic opportunity, in part because people were too downbeat about the UK economy. The new portfolio is a manifestation of this view but in a more income-focused way,” said Woodford.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AbbVie Inc99.01 USD0.00
Gilead Sciences Inc76.76 USD0.00
LEG Immobilien AG117.02 EUR0.00
LF Woodford Equity Income A Sterling Acc12.36 GBP-0.32
LF Woodford Income Focus A Sterling Acc56.22 GBP1.24

About Author

Emma Wall  is former Senior International Editor for Morningstar

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