Woodford Equity Income Breaks £9bn Barrier Despite Outflows

Woodford Equity Income swells to £9.2 billion under management despite outflows, as IA reports industry assets at 12 month high despite Brexit sell-off

Karen Kwok 2 August, 2016 | 3:46PM

The CF Woodford Equity Income fund has reached £9.2 billion under management – despite outflows of £157 million over the last two months.

Investors worried about the impact of Brexit on UK equities sold off the sector in June, marking the first outflows for Woodford Equity Income since launch in June 2014. According to from Morningstar Direct, June outflows totalled £143 million, with considerably more modest outflows last month of just £14 million.

Before June the fund had seen constant inflows ever since its launch. In 2015 the fund enjoyed £3.2 billion of inflows, making it the most popular fund of the UK equity income sector within the year. Even during the stock market selloff in August 2015 thanks to the China’s stock market crash, the fund still recorded inflows of £290 million.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
AXA Framlington Biotech GBP Z Acc474.61 GBP0.47
BlackRock Gold and General A Acc1,116.09 GBP-0.88
Fundsmith Equity R Acc5.37 GBP2.21
Legg Mason IF Japan Equity A Acc9.31 GBP0.08
LF Equity Income A Sterling Inc3.68 GBP0.00
LF Lindsell Train UK Equity Acc461.76 GBP-0.14
Lindsell Train Global Equity A GBP Inc3.74 GBP1.02

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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