Woodford Equity Income outflow woes deepen in May

Draws attention of FCA

Mike Sheen
clock • 2 min read

Woodford Equity Income has seen its total assets fall by £560m to under £3.8bn in less than four weeks as investors exit Neil Woodford's flagship fund amid a sustained period of poor performance.

The rapidly shrinking fund, which has fallen by around two-thirds from its 2017 AUM peak of £10.2bn, has drawn the attention of investment heavyweights and regulators alike, according to the FT. However, a Woodford spokesperson said the FCA "has not been in direct contact" with the firm. They added: "As a matter of course, the FCA monitors large funds where outflows have occurred and Link, the ACD, has been providing fund liquidity analysis reports on a monthly basis to the FCA for more than a year. "This is standard procedure to ensure the fund is managing its liquidity appropriat...

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