Update: Woodford calls Equity Income fund's transparency 'damaging' as fund suspension continues

Working 'day and night' on strategy

clock
Neil Woodford of Woodford Investment Management
Image:

Neil Woodford of Woodford Investment Management

Neil Woodford has said offering full transparency on portfolio holdings when launching the Woodford Investment Management business five years ago has become "more damaging" in a Q&A YouTube video after the Equity Income fund's suspension was continued.

Woodford launched the Equity Income fund with much fanfare around the fact full portfolio holdings would be listed on the company's website. However, Woodford said this has now been to its detriment: "When we set Woodford up five years ago, we felt our investors would value the information that we were able to provide. I think what we underestimated is how our full portfolio transparency would become more damaging in a period of underperformance. In essence, the transparency became more damaging than the value it created for our investors. That's why we've withdrawn full portfolio transp...

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

Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Liontrust Asset Management chief executive John Ions urged for long-term focus amid short-term volatility

Liontrust boasts 41% revenue increase in face of 'challenging period short term'

Majedie acquisition added £5.2bn value

clock 22 June 2022 • 2 min read
Trustpilot