Neil Woodford's £7.9bn Equity Income fund has dropped from five FE Crowns to just one, only six months after being awarded the highest accolade in the ratings system, as a number of funds in the Investment Association's UK Equity Income sector also took a hit during the second half of 2017.
Since FE's last reshuffle in July 2017, the average UK Equity Income member has lost 0.73 FE Crowns, with well-known funds such as the £1.4bn Rathbone Income and £3.3bn Trojan Income funds also dropping from five Crowns to two. A total of 44 names have been downgraded from the UK equity income peer group, while only two funds received the top five FE Crown rating: Miton UK Multi Cap Income and Man GLG UK Income. Notably, Woodford's Equity Income fund tumbled from five Crowns awarded in the last rebalancing to just one, after a difficult period for performance. Since the time of th...
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