Woodford scandal damaged investors' trust in asset management industry - survey

Faith in platform best-buy lists decreases

David Brenchley
clock • 2 min read

The liquidity crisis at Woodford Investment Management has negatively impacted private investors' trust in the asset management industry, according to a survey.

Almost three-quarters (74%) of private investors said news of the gating of the Woodford Equity Income fund (WEIF) in June after continued outflows had made them trust the industry less. Market intelligence provider Research in Finance surveyed 307 private investors for its maiden Private Investor Pulse Survey. Almost half of the respondents (41%) said they were currently, or had previously been, invested in a fund provided by Woodford IM. A third (32%) said they had been impacted by the suspension of WEIF. Woodford Patient Capital suffers NAV writedown Of those investors who h...

To continue reading this article...

Join Investment Week for free

  • 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 Industry

Door's Shilpan Patel: Culture takes centre stage

Door's Shilpan Patel: Culture takes centre stage

Fund selectors increasingly aware of poor culture

Shilpan Patel
clock 27 June 2025 • 3 min read
Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Time of rapid evolution for the wealth and intermediary sector

Katrina Lloyd
clock 26 June 2025 • 7 min read
Friday Briefing: Here's how to win at the Fund Manager of the Year Awards

Friday Briefing: Here's how to win at the Fund Manager of the Year Awards

Friday Briefing

Eve Maddock-Jones
clock 23 June 2025 • 3 min read
Trustpilot