In the latest rebalance of its Invest Approved List, FE has cut seven names, including Neil Woodford's £9.2bn Equity Income fund, while adding 13 new funds amid a period of "significant uncertainty".
The data provider replaced Woodford's largest offering, which has been hit recently by several stock price falls, with the £726m Woodford Income Focus fund, launched earlier this year, as it believes it to be "better for income investors". Charles Younes, research manager at FE, said: "Income Focus does not include a long tail of illiquid unlisted companies, which we believe are not consistent with the aims of an income-focused fund." Revealed: The winners and losers in FE's latest Crown ratings rebalancing Meanwhile, North American equities saw the biggest turnover for the biannua...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
