Woodford calls for global policy action to tackle 'profound' economic challanges

Challenges more significant than outcome of Brexit vote

Neil Woodford has called for "co-ordinated global policy action" akin to the aftermath of World War II, as he warned there are many global economic shortcomings that need to be tackled and which are more significant than a potential Brexit.

Ahead of the EU referendum next week, the manager of the £9bn CF Woodford Equity Income fund reiterated his stance to not make any changes to the portfolio's strategy as research carried out earlier this year did not construct a convincing long-term economic argument that supported either ‘remain' or ‘leave'. He admitted there might be short-term volatility as a result of a ‘leave' vote and it would be "destabilising" for investors and governments across Europe and that would take time to dissipate. Woodford IM: UK economy is more unbalanced than ever before However, he also warned...