Keyword results: wealth 50


Hargreaves Lansdown – Woodford Equity Income Fund holdings in the lead up to gating as May figures come out: oh dear.

Last weekend I started a series of articles asking the question as to whether Hargreaves Lansdwon (HL.) was encouraging its users to buy Neil Woodford’s now stricken flagship fund, the Equity Income fund (WEIF), whilst dumping it from its own house funds.

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HL bins Woodford Income Focus from Wealth 50 - suspension surely looms there too

Hargreaves Lansdown has announced the removal of Neil Woodford's Equity Income Fund  from its Wealth 50 top picks- no suprises there: HL may have egg on its face but since the fund is no longer tradeable there was no choice. But HL has also chosen to remove Woodford Income Focus Fund as well. Given what has just happened at EIF it is now a racing cert that Income Focus will also be suspended when there is a tsunami of panicked redemptions, Woodford cannot meet, tomorrow.. If you hold some, you had better hope you can get out tomorrow.

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