Woodford Fails to Meet Industry Income Requirements

The Morningstar Silver Rated Woodford Equity Income Fund will be moved to the IA UK All Companies sector from the UK Equity Income sector

David Brenchley 23 March, 2018 | 10:17AM
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Neil Woodford UK equity income fund kicked out sector investment investorNeil Woodford has become the latest high-profile victim to fall foul of the Investment Association’s UK Equity Income rules, having seen his flagship fund kicked out of the sector.

The Morningstar Silver Rated Woodford Equity Income Fund will be moved to the IA UK All Companies sector shortly, having fallen short of the Equity Income sector’s yield rules.

The news isn’t a surprise, and Morningstar analyst Peter Brunt reminds investors it’s not the first time a fund managed by Woodford has been thrown out of the sector.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
LF Equity Income C Sterling Acc3.45 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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