In the wake of the removal of Neil Woodford's suspended Equity Income fund from the Wealth 50, Hargreaves Lansdown has dealt another blow to the manager with its decision to close its position in the Woodford Income Focus fund.
The fund supermarket has sold down its holding in Neil Woodford's fund, which previously made up 8.23% of the firm's Multi-Manager High Income portfolio. Head of investment analysis Emma Wall confirmed:...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow