Despite Woodford, It's a Good Time to be an Investor

The Woodford Equity Income saga may have put many people off, but it's a good time to be an investor, says Morningstar head of manager research Jonathan Miller 

Jonathan Miller 17 June, 2019 | 9:58AM
Facebook Twitter LinkedIn


The liquidity profile of the Woodford Equity Income fund was pushed to its limits and the issues around this have been well-documented. It's clearly bad news for unit holders, even though circumstances were such that the suspension was probably in their best interests.

As a result of the furore around the fund's suspension, we are likely to a see post-mortem on the use of unquoteds in an open-ended fund structure and the regulator's role in the debacle will be closely examined.

But as well as all of the legitimate questions which have been asked over recent days, inevitably, it feels as though there has been a relentless desire to hone in on the fall from grace of a star manager. When an investment story appears on the front page of the BBC website, you realise just how mainstream this whole episode has become.

The issues clearly warrant airtime but in the eye of the storm, I believe the media frenzy will have dented the psyche of Joe Public on how they use funds to invest for their future. And that is truly concerning.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Jonathan Miller  is Director of Manager Research, Morningstar UK

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement