Nick Train: Woodford fallout has been damaging to us

Could damage active management industry

David Brenchley
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Nick Train has added his Hargreaves Lansdown holding
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Nick Train has added his Hargreaves Lansdown holding

The liquidity crisis at Woodford Investment Management will damage active management and further encourage advisers and wealth managers to use passive products to gain access to equity markets, according to Nick Train.

The fallout following recent events regarding high-profile stockpicker Neil Woodford, which was sparked by the gating of his flagship LF Woodford Equity Income fund, has seen a plethora of negative headlines...

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