Woodford Equity Income to be wound up

Best interest of investors

clock • 1 min read

The Woodford Equity Income fund is to be wound up, Link Fund Solutions announced on Tuesday (15 October) morning in a letter to investors.

The fund, which has been shuttered since 3 June due to a liquidity crisis, was slated to reopen in December after manager Neil Woodford had repositioned his portfolio into more liquid FTSE 100 stocks. The process had been ongoing, but Link said it "has unfortunately not been sufficient to allow certainty as to when the repositioning would be fully achieved and the fund could be re-opened". The wunding up process will begin on 17 January 2020. As a result, the authorised corporate director of the fund said it has "concluded that it is now in the best interests of all investors fo...

To continue reading this article...

Join Professional Adviser

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Investment

PFS opens adviser ESG short course tied into Consumer Duty work

PFS opens adviser ESG short course tied into Consumer Duty work

Society says clients are increasingly interested in sustainable investing

Hope William-Smith
clock 25 September 2023 • 2 min read
Clever Marlborough MPS now available to all UK advisers

Clever Marlborough MPS now available to all UK advisers

Uses quant-tech to analyse increasingly rapid market velocity

Jenna Brown
clock 21 September 2023 • 1 min read
Scotland Investment Roadshow: 2023: One week to go!

Scotland Investment Roadshow: 2023: One week to go!

Professional Adviser is back by popular demand this September

Professional Adviser
clock 21 September 2023 • 1 min read