Morningstar downgrades Woodford Equity Income on 'extreme' positioning

Now 'neutral'

Beth Brearley
clock • 1 min read

Morningstar has downgraded the Woodford Equity Income fund in its analyst ratings due to its "extreme" portfolio positioning.

The fund, which is bottom quartile over six months, one year and three years, was previously allocated a bronze rating but has now been downgraded to neutral. Peter Brunt, associate director, equity strategies, manager research, said Morningstar has lost conviction in the potential for Woodford Equity Income to outperform over the long term.  Woodford to cut unquoted holdings in £4.3bn Equity Income fund to zero "Persistent redemptions, underperformance, and stock-specific issues, combined with the manager's relentless willingness to push the portfolio to its liquidity limit, have ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read