income fund

noun

1. a mutual fund that invests primarily in stocks that are likely to continue to pay or increase dividends.

Word History and Origins

Origin of income fund¹

First recorded in 1930–35

Example Sentences

Some 300,000 people lost out when Woodford Equity Income Fund collapsed in 2019 after investors tried to withdraw money faster than the fund could pay out.

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He was as close to a household name as is possible in the world of investing and people piled into his flagship UK Equity Income Fund.

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The Woodford Equity Income Fund was managed by Mr Woodford and WIM, but was suspended in June 2019 meaning investors, most of whom were ordinary retail investors, were unable to get hold of their money.

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Around 300,000 people lost money when Woodford Equity Income Fund collapsed in 2019.

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The Woodford Equity Income Fund collapsed in 2019 after a number of investors withdrew their money over concerns about the investments being made.

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