Woodford Sells Reckitt Benckiser

Income fund manager Neil Woodford has sold consumer staples manufacturer Reckitt Benckiser after a decade of investment. Morningstar analysts consider the stock fairly valued

Emma Wall 7 October, 2014 | 3:44PM

Neil Woodford has dropped Reckitt Benckiser (RB.) from his fund after more than decade. Over that period the share price has risen 283%.

In the Woodford Equity Income Fund monthly roundup, the management said that the shares were now too expensive to hold in their value-biased portfolio.

“We also exited Reckitt Benckiser, a share which has been present in Neil’s portfolios for over a decade,” it read.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Reckitt Benckiser Group PLC6,584.00 GBX1.04

About Author

Emma Wall  is former Senior International Editor for Morningstar

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