FE switches Woodford funds in 'Invest Approved List' rebalance

Seven names cut in total

Jayna Rana
clock • 2 min read

In the latest rebalance of its Invest Approved List, FE has cut seven names, including Neil Woodford's £9.2bn Equity Income fund, while adding 13 new funds amid a period of "significant uncertainty".

The data provider replaced Woodford's largest offering, which has been hit recently by several stock price falls, with the £726m Woodford Income Focus fund, launched earlier this year, as it believes it to be "better for income investors". Charles Younes, research manager at FE, said: "Income Focus does not include a long tail of illiquid unlisted companies, which we believe are not consistent with the aims of an income-focused fund." Revealed: The winners and losers in FE's latest Crown ratings rebalancing Meanwhile, North American equities saw the biggest turnover for the biannua...

To continue reading this article...

Join Professional Adviser for free

  • 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

Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read
'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read