New Woodford Equity Income fund

ColdIron

IronWolf wrote: »

Surely the point of an income fund is not to beat the market, but to provide a sustainable stream of income above that which could be gotten from a tracker?

Indeed, presumably the reason for the recent IMI Sector change for IPHI and IPI from UK Equity Income to UK All Companies

atush

Personally, I think it could be worth a punt. Not a large one maybe, but a punt all the same.

mike88

Given that IP High Income was effectively a growth fund and has now been shifted out of the income UT sector I wonder where Woodford's fund will sit. Is it to be a growth or income fund?

digannio

There is one person at least who is guaranteed to be laughing all the way to the bank after the big launch. He had worries over the size of his previous baby affecting the ability to maintain returns and the hype surrounding this venture will ensure it very quickly becomes one of the mega players among equity income funds

le_loup

mike88 wrote: »

Given that IP High Income was effectively a growth fund and has now been shifted out of the income UT sector I wonder where Woodford's fund will sit. Is it to be a growth or income fund?

Income, target 4% yield. But he will not fight to keep it there if circumstances change.

digannio

"The man with the Midas touch".... "The best investor in Britain"

Such oft used tags in regard to Woodford are bound to lure in a large flock of sheep-like investors without an original thought in their heads.... including me;)!

gadgetmind

le_loup wrote: »

But he will not fight to keep it there if circumstances change.

Lacking the reserves of an IT, such a fight would be with one arm tied behind his back.

Blackdog

digannio wrote: »

"The man with the Midas touch".... "The best investor in Britain"

Such oft used tags in regard to Woodford are bound to lure in a large flock of sheep-like investors without an original thought in their heads.... including me;)!

And me, I'm in!

mike88

le_loup wrote: »

Income, target 4% yield. But he will not fight to keep it there if circumstances change.

His previous funds income yield was taken from growth and not dividends. Do we know whether the new fund will sit in the equity income or growth sectors?

socrates

Might just put in my remaining ISA allowance in July (above the current limit)