Neil Woodford has confirmed illiquid holdings in the Woodford Equity Income fund will be cut to under 10% of the portfolio by the end of the year with a view to reducing this to zero over the longer term.
The plans revealed in the latest update for the £4.3bn Equity Income fund follow the decision in March to switch the fund's exposure to unquoted stocks to shares in the £742m Woodford Patient Capital Trust,...
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