LF Woodford Equity Income Class Z - Accumulation (GBP)
What does it mean for investors?
The "top ten holdings" are going to be removed from Woodford Equity Income's page on our website between 5 October and 6 October 2019, as the information is no longer up to date. We will update the "top ten holdings" as soon as the data becomes available.
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 Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »
In this fund Neil Woodford blends investments in larger, high-yielding companies with smaller, more innovative businesses. The smaller businesses provide long-term growth potential but are higher-risk than their larger counterparts.
The fund doesn't have a strict income target. Neil Woodford tries to generate a good total return, combining both rising income and capital growth. This means he'll sacrifice some income upfront for the prospect of better growth in the capital and income over the long term. Of course there are no guarantees and we see this as a higher-risk UK fund.
Dealing in this fund is currently suspended, so investors cannot buy or sell units in the fund. Dealing was suspended on 3 June 2019 by Link Fund Solutions, the fund's Authorised Corporate Director, to protect existing investors following concerns about redemptions. The fund was removed from our Wealth 50 list following this announcement.
The fund has fallen in size over the last year, due to poor performance and investor outflows. This jeopardises manager Neil Woodford's ability to run the fund effectively. Link has taken action in order to protect investors who wish to remain in the fund, who could otherwise be negatively affected by fund redemptions. We will keep investors up to date with any developments.