Woodford’s woes compound as Woodford Equity Income is suspended

Troubled fund manager Neil Woodford has suspended dealing in his Woodford Equity Income fund “with immediate effect” after a torrid few years.

woodford

We have written before about the dangers of following "star" fund managers

Dealing in Neil Woodford's Equity Income fund has been suspended "with immediate effect and until further notice". The decision was taken to "protect the investors in the fund" following "an increased level of redemptions" (people trying to sell their holdings), according to Woodford Investment Management.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More

Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.