Update: Morningstar downgrades Woodford's Equity Income fund

Moved down to Bronze

Mike Sheen
clock
Neil Woodford
Image:

Neil Woodford

Morningstar has downgraded the Woodford Equity Income fund, just days after Charles Stanley Direct (CSD) removed the fund from its Foundation Fundlist, amid concerns the vehicle is hindered by its positioning in smaller companies.

The £6.6bn fund has been downgraded by the ratings provider from silver to bronze. Peter Brunt, senior analyst for manager research at Morningstar, said the decision had been made based on the fund's...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Stephen Yiu

The Big Interview: Blue Whale's Stephen Yiu brings fresh eyes to UK stockmarket

New kid on the block

clock 26 October 2021 • 5 min read
Jenn-Hui Tan, global head of stewardship and sustainable investing at Fidelity International
ESG

Fidelity pledges 50% reduction in emissions from investment portfolios by 2030

Also commits to ‘gradual exit’ from thermal coal

clock 26 October 2021 • 2 min read
Angelos Damaskos, CEO of Sector Investment Managers

Junior Gold fund to change name as it increases allocation to silver miners

Name to reflect shift to new ACD

clock 25 October 2021 • 1 min read