June Fund Round-Up: Woodford Crisis Rumbles On

Decision to gate Woodford Equity Income spells further problems for beleaguered firm, elsewhere Lindsell Train and M&G cut fees and Invesco launches ETFs

Emma Simon 27 June, 2019 | 9:05AM
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There was only one story dominating the investment world this month: at the start of June, after months of poor performance and escalating redemptions, Neil Woodford gated his flagship Woodford Equity Fund, stopping investors from withdrawing their money for the foreseeable future.

This move has caused shock waves in the investment industry, with calls for Woodford to waive investor fees until the fund reopens. A call which has, to date, been rejected.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Lindsell Train Ord1,344.40 GBP-3.63Rating
M&G Global Dividend GBP I Acc432.62 GBP0.13Rating
M&G Optimal Income GBP I Acc246.49 GBP-0.02Rating
Man GLG Hi Yld Opps I GBP Acc H140.91 GBP-0.07

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk