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Redemptions Watch: Income Focus suffers in market meltdown & redemptions still biting

By Nigel Somerville | Tuesday 6 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.


You have to have a tiny bit of sympathy for Neil Woodford (just a tiny bit, mind) this morning after yesterday’s market sell-off as the FTSE 100 dropped 2.5%: unless you were in gold (smile….) everything that moved was heading south. So it is little surprise that Woodford’s Income Focus Fund dropped 2.63% in NAV per unit – even if the drop was a little more pronounced...

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