Three things your clients may call you about this week …

Revealed: the real risk of Woodford When Neil Woodford left Invesco Perpetual in 2013 to start his own firm, loyal investors followed him in droves, notes this Sunday Times article - before going on to put the case that his flagship Woodford Equity Income fund has since become "risky". According to the piece, more than 50% of the fund used to be invested in FTSE 100 companies - today, however, the proportion is closer to 20%. Similarly, volatile smaller companies make up more than a fifth of its holdings - against just 7% when the fund was launched in 2014. Back then, it held 51 sto...