Link has announced that the fund formerly known as Woodford Income Focus is to re-open on 13 February - https://incomefocus.linkfundsolutions.co.uk/media/tbzhin1b/lfasiiff-investor-letter_310120.pdf
Ryan Hughes, head of active portfolios at AJ Bell, comments:
“This news will bring welcome relief to those investors who have been stuck in the fund since it suspended back in October. While smaller than the ill-fated Equity Income fund, there is £250m in the fund that will re-open under new management and follow a different investment approach. Investors will now need to consider whether they are happy with the new management of Aberdeen Standard Investments who have said they will operate a more concentrated investment portfolio and a different yield target. This means the fund re-opens with a totally different portfolio to when it suspended.
“For those that do want to consider alternatives, possible funds to consider are the Troy Trojan Income fund and the Threadneedle UK Equity Income fund with both having a focus on larger companies and currently providing a yield of 4% per annum.
“With this news coming soon after the update on the Equity Income fund, the issues that have blighted investors in Woodford’s funds, look to be coming to a welcome close.”