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Redemptions Watch – Neil Woodford’s Income Focus slides on silence from Kier

By Nigel Somerville | Thursday 1 August 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Oh dear, Kier! Neil Woodford’s last Hail Mary - otherwise known as his great gamble on Kier Group (KIE) - put a hole in his Income Focus Fund (WIFF) as investors realised that the promised end-of-July trading update wasn’t happening and WIFF lost a chunky 1.08% in NAV per unit yesterday, according to Morningstar. And having battled back to £290.20 million, the fund fell away to £286.74 million...

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