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Redemptions Watch: Neil Woodford’s Income Focus heads north – but so do redemptions in critical week

By Nigel Somerville | Wednesday 31 July 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 can’t beat a spot of bad press and Neil Woodford has certainly had his fair share, again renewed over the last few days, with the revelation that he dumped around £1 million worth of WPCT three weeks previously and the continued gating of his flagship fund. Meanwhile, this morning’s data from Morningstar shows that whilst his lesser (but at least still open for business) Woodford Income Focus Fund (WIFF) put on 0.48% in NAV per unit yesterday.

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