Morningstar downgrades Woodford Equity Income to 'negative'

From ‘neutral’

Julian Marr
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Morningstar has downgraded the Neil Woodford-run Woodford Equity Income fund from ‘neutral’ to ‘negative’
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Morningstar has downgraded the Neil Woodford-run Woodford Equity Income fund from ‘neutral’ to ‘negative’

Morningstar Manager Research has downgraded the beleaguered Woodford Equity Income fund from 'neutral' to 'negative', in the wake of what its analysts described as "heightened levels of redemptions".

On 21 May, the group had previously downgraded the fund - on which Woodford Investment Management suspended dealing with immediate effect on 3 June - to ‘neutral' on account of its "extreme" portfolio...

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