OhNoNotimAgain wrote:...presumably be largely invested in UK equities. In which case the appropriate sector is the UK All Companies Sector. The fact that it is not in there suggests he wants to play outside the sector.
It's not a "suggestion" that he wants to, as you put it, "play" outside of UK All Companies --
it's explicit he's likely to. As has already been highlighted in this thread, their own website says, "
Geographic exposure: No restrictions".
Honestly, Rob, when funds/ITs that are in a UK sector (all cos, eq inc, etc) invest a little of their portfolios outside of the UK you cry foul and say they shouldn't be in a UK sector.
Yet now with Woodford's fund, which is going to be largely
but not wholly invested in UK equities and has put itself in a non-UK sector 'cos it is likely to also invest outside of the UK, you're complaining it
isn't in a UK sector!
Well, you are right: the Woodford Income Focus fund isn't in UK All Companies because it'll be investing outside of that sector.