Woodford promises 'much more liquid portfolio' when Equity Income fund re-opens
'Gap between value and price as wide as I have ever seen'
Neil Woodford: "Prior to the suspension being instigated, I had already announced an intention to implement a shift within the fund's portfolio."
Neil Woodford has issued a letter to clients promising a revamped portfolio in the suspended Equity Income fund when it re-opens, as he reiterated his commitment to investing in undervalued companies.
Apologising for the suspension of the fund once again, the veteran investor has admitted he has been disappointed with the performance of the fund "for some time". "This underperformance has, in part,...
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