Woodford Equity Income could remain gated 'until June' as fund drops 20%

WEIF down 20% since May

Beth Brearley
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"The last thing you want is for the fund to open and then be forced to close again" - Willis Owen Adrian Lowcock's Lowcock.
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"The last thing you want is for the fund to open and then be forced to close again" - Willis Owen Adrian Lowcock's Lowcock.

The Woodford Equity Income fund (WEIF) could remain shuttered for a further six months, according to head of personal investing at Willis Owen Adrian Lowcock.

Manager Neil Woodford (pictured) is battling to offload assets to meet redemptions once the fund reopens, currently slated for December, with the fire sale of more liquid assets reaching £1bn so far...

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