Woodford Equity Income Fund Link has continued to consider the future of the Fund over the period of its suspension from 3 June 2019 and has decided not to re-open the Fund and instead wind it up. Read Link’s announcement Woodford Income Focus Fund Woodford has resigned from the role of Portfolio Manager and Link has suspended dealing in shares in the Fund, with effect from 15 October 2019 and until further notice. Read Link’s announcement Woodford Patient Capital Trust Woodford has served notice of termination in relation to its role as Portfoli ..read more

Fund to wind up Link has continued to consider the future of the Fund over the period of its suspension from 3 June 2019 and has decided not to re-open the Fund and instead wind it up. Read Link’s announcement Neil Woodford, Woodford Investment Management says: “This was Link’s decision and one I cannot accept, nor believe is in the long-term interests of LF Woodford Equity Income Fund investors.” If you have any questions or for further information, please visit Link’s dedicated investor website, alternatively you can call Link on 0333 300 0381 or you can email at equityincome@linkg ..read more

Suspension extension Link Fund Solutions Limited (Link), the Authorised Corporate Director of the LF Woodford Equity Income Fund has formally reviewed the suspension of the fund. Link previously indicated that it was anticipated that the suspension of dealing is likely to last until early December 2019 while the portfolio of assets held by the fund is re-positioned. Link have decided that it remains in the interests of all investors for the suspension of dealings to continue. Read the announcement We are very sorry for the continued suspension and understand the c ..read more

Suspension extension Link Fund Solutions Limited (Link), the Authorised Corporate Director of the LF Woodford Equity Income Fund (“the fund”) has formally reviewed the suspension of the fund. Link previously indicated that it was anticipated that the suspension of dealing is likely to last until early December 2019 while the portfolio of assets held by the Fund is re-positioned. Based on the progress made to date, they remain of the view that this is a realistic timeframe and therefore have decided that it remains in the interests of all investors for the suspension of dealings to co ..read more

Suspension extension Link Fund Solutions Limited, the Authorised Corporate Director of the LF Woodford Equity Income Fund (“the fund”) has formally reviewed the suspension and announced that it remains in the best interests of investors for the suspension to continue and that the suspension of dealing is likely to last until early December. Read the announcement The decision to continue with the suspension of investor dealing in the fund is to ensure investors’ interests are protected. It affords Neil and the team the required time to execute the changes to the po ..read more

Suspension extension Link Fund Solutions Limited (the Authorised Corporate Director of the LF Woodford Equity Income Fund) has formally reviewed the suspension and announced that the fund will remain suspended. In accordance with the Fund’s Prospectus, Link and the Depository will formally review the suspension at least every 28 days and will inform the FCA of the review and any change to the information given to Shareholders. Read the announcement Link’s decision to continue with the suspension of investor dealing in the Equity Income fund is to ensure investors’ inte ..read more

Neil’s message to investors following Link’s decision, after discussions with Woodford, to suspend all investor dealing in the LF Woodford Equity Income Fund. Link and Woodford will be posting a Q&A tomorrow and doing more to answer any further questions over the coming days and weeks. Follow us on Twitter to be alerted to new content as we post it or subscribe for email alerts. Subscribe to receive alerts Register to receive alerts The post Fund suspension update from Neil appeared first on Woodford Investment Management Ltd ..read more

April Roundup Mitchell Fraser-Jones 3 May 2019 “Slower growth is a major challenge for global markets. This has been felt most acutely in Europe, emerging economies and in China and there is evidence that this slowing will continue through 2019. This, in turn, will raise earnings risk against a backdrop of excessive valuation in markets – a potentially dangerous combination. A further headwind as we approach the summer is a significant deterioration in global US dollar liquidity, which may be the catalyst for a much less benign market environment than that which we hav ..read more

In recent months there has been considerable commentary about the shape of the portfolios Neil manages, in particular, the LF Woodford Equity Income Fund (WEIF). In light of this, Neil explains why the fund is positioned as it is today and what this means for investors in the months ahead. You may have heard me talk about my investment process in the past and despite its fundamental importance in guiding everything I do with the funds, it often gets overlooked and ignored. Because it is the thing that drives the strategy, what I own in the funds and what I don’t, I want to spend a lit ..read more

March Roundup Mitchell Fraser-Jones 5 April 2019 “From time to time, markets become detached from valuation reality and while they are, fund managers like me appear to be incapable of delivering good outcomes. I appreciate that this can be an uncomfortable journey for investors but valuation is the only reliable predictor of long-term investment returns. I remain focused on capturing the opportunity that exists in parts of the market that have been left behind since we voted to leave the EU two and half years ago. The portfolios are populated with profoundly undervalue ..read more