Woodford's £8bn Equity Income fund at risk of IA UK Equity Income sector expulsion

Failing to meet FTSE All Share yield

Neil Woodford's £8bn Equity Income fund could potentially be removed from the IA's UK Equity Income sector if it does not lift its yield to match 100% of the FTSE All-Share yield by the end of the year.

Funds are at risk of expulsion if they either fail to achieve 90% over one year or 100% over three years. So far, Woodford (pictured) has failed to achieve 100% in both 2015 and 2016.  According to the Investment Association statistics for the year to 31 December 2015, the CF Woodford Equity Income fund had a yield of 3.4%, lower than the FTSE All-Share yield of 3.7%. In 2016, the fund's yield was 3.4% while for for the same period, the FTSE All-Share yielded 3.5%.  As of 30 November 2017, the FTSE All-Share yield was 3.71% while the Woodford Equity Income fund is yielding 3.5%. If...