Platform giant Hargreaves Lansdown has confirmed it has removed Woodford Investment Management's Equity Income and Income Focus portfolios from its 'Wealth 50' list of preferred funds.
Yesterday (3 June), Woodford Investment Management revealed it had agreed in conjunction with its authorised corporate director (ACD) Link Fund Solutions (LFS) to suspend trading on the Equity Income fund amid an "increased level of redemptions". A statement posted on the Woodford IM website said the fund would be suspended from issuing, cancelling, selling, redeeming or transfering shares within the fund with immediate effect for at least 28 days. Woodford IM suspends dealing on Equity Income fund with immediate effect The move was "in the best interests of all investors in the f...
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
