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
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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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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
AbbVie Inc118.85 USD0.00Rating
Gilead Sciences Inc69.56 USD0.00Rating
LEG Immobilien SE122.25 EUR0.00
LF ASI Income Focus A Sterling Acc67.67 GBP0.69Rating
LF Equity Income A Sterling Acc3.35 GBP0.00

About Author

Emma Wall  is former Senior International Editor for Morningstar