New Woodford Equity Income fund

le_loup

mike88 wrote: »

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?

See my previous answer. #26

fairleads

While Woodford is one of the better UK fund managers, the question is, am i happy to invest in the market now.

gadgetmind

fairleads wrote: »

While Woodford is one of the better UK fund managers, the question is, am i happy to invest in the market now.

People asked this question when the FTSE was sub 4000 and mostly didn't invest. They argued the same at 5000, 6000, 6500 and I'm sure they will at 7000, 8000 etc.

I've just kept on feeding in money, only making mild tweaks to allocations (buy what's cheap) and I sleep well at night.

On capital, the FTSE 100 is roughly on long term trend. Wait for it to drop if you want, but if you didn't invest last time it was sub 4000, why might you next time?

mike88

le_loup wrote: »

See my previous answer. #26

Thanks. But it didn't, answer the question which was about the sector the unit trust will sit in and not yield. The new fund might be called income but so is the IP fund but in reality the IP fund was a growth fund and has been moved into the growth sector by the unit trust authority. A growth fund with a yield is infinitely preferable as the manager has the remit to invest more widely and not be restricted to those paying decent dividends.

le_loup

Is it to be a growth or income fund


That was your question that I answered with the first word of my reply: "income".
I know that from an interview with, I think, Citiwire.

mike88

le_loup wrote: »

Is it to be a growth or income fund


That was your question that I answered with the first word of my reply: "income".
I know that from an interview with, I think, Citiwire.

Thanks. I didn't notice the comma after the word " income". I am now going off the fund. If Woodford liked the wider remit of the IP fund why on earth would he want to restrict himself to the relatively small number of funds held by those in the equity income sector.

atush

gadgetmind wrote: »

People asked this question when the FTSE was sub 4000 and mostly didn't invest. They argued the same at 5000, 6000, 6500 and I'm sure they will at 7000, 8000 etc.

I've just kept on feeding in money, only making mild tweaks to allocations (buy what's cheap) and I sleep well at night.

On capital, the FTSE 100 is roughly on long term trend. Wait for it to drop if you want, but if you didn't invest last time it was sub 4000, why might you next time?

Couldn't have said it better.

moneyfoolish

Does anybody which platform is the cheapest for investing £15000 into this fund as an ISA without any intention to increase it in the future?

le_loup

Yes, but I'm a clairvoyant.

LookingToTheFuture_2

This is a really interesting article about Neil Woodford's new fund:-

http://www.theguardian.com/money/2014/may/24/neil-woodford-new-fund-british-science

I like a lot of what he says and I'm thinking that I might make a small investment when it launches. However I realise that I need to think about how it will fit into my investment plan as a whole before I decide what % of my ISA to allocate to it. This Telegraph article gives a lot of food for thought:-

http://www.telegraph.co.uk/finance/personalfinance/investing/10849435/Tempted-to-buy-Woodford-Dont-be-blinded-by-his-recent-spate-of-publicity.html