Update: Morningstar downgrades Woodford's Equity Income fund

Moved down to Bronze

Mike Sheen
Neil Woodford

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...

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