Woodford Equity Income under scrutiny as AUM drops further - reports

Draws attention of FCA

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Manager of Woodford Equity Income Neil Woodford
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Manager of Woodford Equity Income Neil Woodford

Woodford Equity Income has seen its total assets fall by £560m to below £3.8bn in less than four weeks as investors exit Neil Woodford's flagship fund amid a sustained period of poor performance.

The rapidly shrinking fund, which has fallen by around two-thirds from its 2017 AUM peak of £10.2bn, has drawn the attention of investment heavyweights and regulators alike, according to the Financial...

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