Is a 'spectacular' rebound on the cards for Woodford in 2019?

'May see success of unpopular calls once again'

Neil Woodford's £796m Woodford Patient Capital trust and £4.6bn open-ended Woodford Equity Income have underperformed since inception but do recent pick-ups suggest a potential turning point for the funds?

During the three years since its launch in June 2014, the group's flagship Equity Income vehicle was on a positive trajectory, outperforming both its IA UK All Companies sector average and the FTSE All-Share, with a return of 40%. However, since June 2017, when assets were at a peak £10.3bn, the fund has underperformed and assets dropped by 55% to £4.6bn as at 28 December 2018, according to FE. Woodford's reports £33.7m profit despite assets fall Some wealth managers removed the fund from recommended lists including fund research ratings agency FundCalibre, which ejected it from it...