The Woodford Income Focus fund (WIFF) lost a third of its assets in the month of June alone, as investors continued to flee from funds managed by Neil Woodford, according to data provider Morningstar.
Investors pulled £151m out of WIFF last month, as its total assets slumped to under £300m. The news compounded what was a bad month for Woodford, who saw his flagship LF Woodford Equity Income fund (WEIF)...
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‘If you do not wish to offer protection advice, refer it’
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