The sale of stock by Neil Woodford's stable of funds is creating opportunities to buy interesting companies at depressed valuations, according to James Henderson, manager of Henderson Opportunities Trust (HOT).
The suspended LF Woodford Equity Income fund (WEIF) has been forced to sell much of the less liquid part of its portfolio and recycle the proceeds into FTSE 350 stocks so it can meet investor redemptions once it re-opens. How is Woodford offloading assets? Elsewhere, Richard Colwell and Nick Purves have been repositioning St James's Place's UK equity funds by selling off similar stocks and Ben Whitmore is acting similarly with his Omnis Income Growth fund - Woodford lost both mandates shortly after WEIF was gated. All three funds have sold hundreds of millions of pounds worth of st...
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