Morningstar: Investors exit Woodford Income Focus in June

Fallout from fund suspension continues

David Brenchley
Neil Woodford of Woodford Investment Management

Neil Woodford of Woodford Investment Management

The Woodford Income Focus fund (WIFF) lost a third of its assets in the month of June alone, as investors continued to flee from funds managed by Neil Woodford, according to data provider Morningstar.

Investors pulled £151m out of WIFF last month, as its total assets slumped to under £300m. The news compounded what was a bad month for Woodford, who saw his flagship LF Woodford Equity Income fund (WEIF)...

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