Neil Woodford forcefully stems investor outflow by suspending his beleaguered main fund
Mounting woes at Neil Woodford’s flagship investment fund has culminated in a drastic decision to block investors from pulling out.
The suspension of the issue, cancellation, sale, redemption and transfer of shares in the Woodford Equity Income Fund comes days after it was downgraded by the investment research firm Morningstar. Plagued by an exodus of disappointed investors, the fund has shrunk from £10.2 billion to £3.7 billion in just 2 years, the Guardian reported.
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