Woodford buys unloved FTSE 100 trio

Repositioning portfolio

David Brenchley
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Neil Woodford
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Neil Woodford

Neil Woodford began the repositioning of his Woodford Equity Income fund (WEIF) with purchases of FTSE 100 stocks BT, British American Tobacco (BATS) and International Consolidated Airlines (IAG) in June, results show.

WEIF's interim results to 30 June were revealed on Friday (30 August), covering the first month of the fund's suspension, which was announced on 3 June. The results detail Woodford's top 10 purchases in the first half of the year, which show he invested around £145m in telecoms giant BT, cigarette maker BATS and British Airways owner IAG. All three are new positions since the fund's annual report at the end of 2018, with IAG accounting for 1.75% of the fund, BT for 1.36% and BATS for 1.12%. What can we learn from Woodford now the dust has settled? The fund's performance continue...

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