How investors are affected by suspension of Neil Woodford´s...
How investors are affected by suspension of Neil Woodford´s flagship fund Dealing in the Woodford Equity Income Fund has been suspended in the “best interests” of investors in the fund. Here is a look at why this has happened and what this could mean for investors: – What has happened? Link Fund Solutions, the authorised corporate director of the fund, has obtained an agreement to suspend dealing in shares in the fund, with immediate effect. The suspension of dealing will remain in place for at least four weeks. As the fund cannot be traded, Hargreaves Lansdown has removed it from its Wealth 50 list of favourite funds. – What’s the background? The fund has fallen in size over the last year, due to poor performance and investor outflows, according to Hargreaves Lansdown. The fund size has been put at £3.7 billion, down from £6.8 billion a year ago. The fund has fallen in size over the last year (Dominic Lipinski/PA)