Woodford Investment Management

Demand for Neil Woodford's fund has helped make the UK equity income sector the best-selling category for a second month in a row.

Skandia has handed £640m worth of life mandates currently run by Invesco Perpetual's Mark Barnett to Neil Woodford, in a move Hargreaves Lansdown analysts suggest may be the first of many.

UK

Woodford Investment Management was the best-selling fund group by active sales in the second quarter of this year, after raising £1.6bn for its Equity Income fund.

Net retail sales of UK equity income funds hit a record high of £1.4bn last month, according to the Investment Management Association, as Neil Woodford's new fund provided a boon to the sector.

Neil Woodford's top ten holdings in his Woodford Equity Income fund contain few surprises, with AstraZeneca, GlaxoSmithKline and British American Tobacco the three largest positions.

The St James's Place UK High Income fund and two other portfolios have become the latest to exit the IMA UK Equity Income sector for failing to meet yield requirements.

Talk about an impending interest rate hike is building in the UK, despite recent mixed messages from Bank of England Governor Mark Carney. However, one of the UK's leading investors, Neil Woodford, is not expecting an imminent rise, and these three charts...

The making of a boutique

Woodford Investment Management raised £1.6bn for the CF Woodford Equity Income fund during its offer period this month, the company has announced.