The Woodford Equity Income fund is likely to remain suspended until December, the fund's authorised corporate director (ACD) Link Asset Services announced today (29 July).
In an investor letter Link Asset Services said keeping the fund gated until December provides "a realistic amount of time for Woodford to complete a measured and orderly re-positioning of the fund's portfolio"....
Acquisition completed earlier this month.
Changes to take place by next year
Launched 18 November
Investment Association to create new labels