Woodfund Fund Under Review by Kent County Council

£250 million stake in Bronze-rated Woodford Equity Income fund under review by Kent council's pension fund.

Holly Black 13 May, 2019 | 5:40PM

Neil Woodford

Kent County Council has put its £250 million stake in Bronze-rated Woodford Equity Income under review, the latest threat to the under-fire fund manager after a run of poor performance and negative headlines.

More than 4% of the council’s pension fund is held in Woodford’s flagship fund. The council has concerns over the transfer of assets between the fund and closed-end fund Patient Capital (WPCT), as well as “adverse publicity” associated with the veteran fund manager. Kent County Council is retaining its position in the fund for the time being but will make a decision after a meeting scheduled for the end of June.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Woodford Patient Capital Trust26.00 GBX4.00

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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