Morningstar Manager Research has downgraded the beleaguered Woodford Equity Income fund from 'neutral' to 'negative', in the wake of what its analysts described as "heightened levels of redemptions".
On 21 May, the group had previously downgraded the fund - on which Woodford Investment Management suspended dealing with immediate effect on 3 June - to ‘neutral' on account of its "extreme" portfolio...
Targeting intermediary market
Represents £8trn in assets
Simplify and modernise
Retirement Planner Forum 2019