A message from Neil Woodford
Posted by Guest in Fund and industry updates category on 13 Jun 19
Below is a letter from Neil Woodford to investors in the LF Woodford Equity Income fund, explaining his position on its suspension.
Our independent research partner Morningstar has downgraded the rating on the fund to ‘negative’ as they are concerned the fund manager’s focus is more on ensuring the portfolio is liquid and less on having the highest conviction on investments. In Morningstar’s view, the strategy is now structurally impaired and the ability to implement the investment process is compromised.
Simply click on the image
below to read his communication.