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 Financial Conduct Authority (FCA) is currently investigating funds worth more than £15bn that have holdings in the collapsed Woodford Equity Income fund (WEIF) as it seeks to prevent a liquidity crisis.
Following M&G suspension
It’s The Pro Adviser Podcast
Outflows topped £31m
In times of uncertainty, misinterpreting market data can send investors running for the hills, writes John Husselbee, as he argues consistency of performance is impossible for fund managers but consistency of process is essential.
The Christmas general election of 2019 will soon be upon us and so, here, Jonathan Simmons explores the parties' inheritance tax plans...
New regime rolled out today
First of a number of acquisitions
TVI lowest in more than a year