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LF Equity Income Class Z - Accumulation (GBP)

Sell:15.14p Buy:15.14p Change: 0.01p (0.07%)
Prices as at 8 April 2020
Sell:15.14p
Buy:15.14p
Change: 0.01p (0.07%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 8 April 2020
Sell:15.14p
Buy:15.14p
Change: 0.01p (0.07%)
Prices as at 8 April 2020
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

The LF Equity Income Fund (formerly the LF Woodford Equity Income Fund) is in the process of being wound up. Units cannot be bought and sold during this process.

Our view on this Fund

This fund does not feature on our Wealth 50 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments, we believe the Wealth 50 is a good place to start. View funds on the Wealth 50 »

Link Asset Services took the decision not to re-open the Woodford Equity Income Fund. This means that the investments are to be sold, and cash returned to investors. The money investors get back will be determined by the ability to sell the assets and the price that is achieved for them.

Neil Woodford ceased to be the fund's manager on 15 October 2019 and the fund was renamed the LF Equity Income Fund.

Link expects the winding up of the fund to begin on 17 January 2020 with the first payment to investors anticipated by the end of January.

We will continue to waive our platform charge for the fund while it is wound up. We are speaking to Link, the fund's administrator and the regulator and will keep clients informed of further information and when we expect their money to be returned.

Investors do not need to take any action at this point.

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

Performance analysis for this fund is not available.

Investment Philosophy

Investment philosophy for this fund is not available.

Process and Portfolio Construction

Process and portfolio construction for this fund are not available.

question mark Manager Track Record Based on HL Quantitative Research

  • Invesco High Income (UK) Inc
  • Invesco High Income (UK) Acc
  • FTSE All-Share TR
  • LF Equity Income C Sterling Acc
  • FTSE All-Share TR
FROM: TO:


Fund Track Record

08/04/15 to 08/04/16 08/04/16 to 08/04/17 08/04/17 to 08/04/18 08/04/18 to 08/04/19 08/04/19 to 08/04/20
Annual return 6.23% 14.07% -8.90% -1.77% -46.41%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

Manager Name: Not currently available
Manager start date: 31 December 2019
Manager located in: Not currently available

Not currently available

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account