Woodford Investment Management will now only be listing the top ten holdings in its funds following the suspension of the flagship Equity Income fund on 3 June, as manager Neil Woodford continues to drastically adjust the portfolios to meet the redemption targets.
Woodford IM made the unusual decision to publish the complete list of holdings in each of the main funds when launching the business five years ago. However, since the suspension of his flagship fund, Woodford has made the decision to restrict this to a short list of the top ten holdings in the Patient Capital Trust, Income Focus fund and Equity Income fund as he continues to adjust his positions, which is the standard practice for fund managers. In a statement, Woodford Investment Management said: "During the period of the LF Woodford Equity Income fund's suspension and subsequent re...
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