Woodford Investment Management has agreed in conjunction with its authorised corporate director (ACD) Link Fund Solutions (LFS) to suspend trading on the Equity Income fund amid "increased level of redemptions".
A statement posted on the Woodford IM website said the fund would be suspended from issuing, cancelling, selling, redeeming or transfering shares within the fund with immediate effect. The move was...
To tackle liquidity issues
'Heavily influenced by Morningstar'
Odds widened to 2/1
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