Woodford Equity Income: Three Months Since Suspension

Woodford Equity Income gated three months ago today, and many of its biggest holdings have suffered share price collapses

3 September, 2019 | 9:08AM

Warning sign

It's been a torrid three months for fund manager Neil Woodford since the suspension of his flagship Woodford Equity Income fund on June 3. In the weeks since the fund was forced to suspend trading, the embattled fund manager has faced a deluge of bad news around many of his largest fund holdings. The fund is set to remain suspended until at least December and investors are no longer able to see what companies it invests in.

Burford Short Attack

The highly public spat between litigation specialist Burford Capital (BUR) and US hedge fund Muddy Waters grabbed the headlines in August, usually a quiet month for City news. But the Burford story is also a Woodford story – the Aim-listed firm makes up 6% of the suspended Woodford Equity Income fund, according to Morninstar data (to April 30, 2019). The most recent top 10 holdings data, to June 30 2019, shows that Burford is the second biggest holding for the fund after Barratt Developments (BDEV), which reports final results this week.

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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amigo Holdings PLC9.55 GBX3.24
Barratt Developments PLC541.00 GBX2.23
British American Tobacco PLC2,572.00 GBX0.84
BT Group PLC104.55 GBX3.36
Burford Capital Ltd722.00 GBX0.77
Eddie Stobart Logistics PLC7.10 GBX0.71
Edinburgh Investment Ord464.50 GBX1.64
Perpetual Income & Growth Ord220.00 GBX0.46
Prothena Corp PLC11.45 USD-3.13

About Author

 

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 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies