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Neil Woodford Redemptions Watch: another day of underperformance as Equity Income dices with a line in the sand

By Nigel Somerville | Friday 27 September 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.


Yesterday Neil Woodford’s benchmark for his Equity Income and Income Focus funds, the FTSE All-Share, put on a quite impressive 0.7%. Unfortunately this was not reflected in the performance of the unit trusts’ NAV per unit, which fell by 0.2% and 0.87% respectively. Of course, the FTSE All-Share is perhaps a poor benchmark, but in the absence of a FTSE Bag-Of-Nails index, it is the best we can do. The latest drop left Woodford’s Equity Income Fund on the cusp of crossing the £3 billion mark – it now sits at just £3.03 billion. Will it finally drop below that today?

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