Woodford stops charging investors for research

Woodford's company, Woodford Investment Management, will now absorb research costs on the £8.3bn Woodford Equity Income fund, rather than charging them to investors. The asset manager said the move forms part of a new initiative to be open and transparent on all the costs associated with running an actively-managed fund. Woodford IM highlighted the main way investors currently compare costs is the ongoing charges figure (OCF) quoted on fund factsheets and other investor information. However, it noted this figure does not reflect other necessary transaction costs that are deducted f...