LF Equity Income Class Z - Accumulation (GBP)
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.