Morningstar: Investors exit Woodford Income Focus in June

Fallout from fund suspension continues

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)...