Bringing you live news and features since 2006 

Neil Woodford suspends trading in flagship fund


UK stockpicker Neil Woodford has suspended trading in his flagship fund following an ‘increased level of redemptions’ by investors.

Investors are believed to have withdrawn around GBP560m million from the GBP3.7 billion Woodford Equity Income Fund, which at its peak had assets under management totalling GBP10.2 billion.

According to reports, a GBP250 million withdrawal request by Kent County Council – one of several UK local authorities to have pension scheme investments in the fund – led to Woodford Investment Management’s decision to suspend trading. 

In statement to investors, the firm says that ‘with immediate effect and until further notice’ investors will not be allowed to ‘redeem, purchase or transfer shares in the fund’ and that the suspension will allow ‘time to reposition the element of the fund’s portfolio invested in unquoted and less liquid stocks, in to more liquid investments’.


Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by