By Nigel Somerville | Wednesday 9 October 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 unit trusts, the FTSE All-Share, dropped by 0.81% but his funds lost 0.89% and 1.32% in NAV per unit respectively. Oh dear – yet another day of underperformance. Equity Income fund’s assets dropped to £2.92 billion, a drop of 21% since it was gated at the beginning of June.