Woodford Investment Managers has announced plans to switch exposure to unquoted stocks in its £4.6bn Equity Income fund in favour of buying shares in the £691m Woodford Patient Capital Trust, also run by Neil Woodford.
The firm said it has sold some of the unquoted stocks to Patient Capital. In a statement, Woodford IM said the move has been made ahead of any potential regulatory changes following the Financial Conduct...
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