Following the news that dealing in the LF Woodford Equity Income fund has been suspended, due to an increased level of redemptions, we are reaffirming that our rating on the fund remains suspended. We have included the link to the firm's statement below.
WIM Statement On LF Woodford Equity Income Fund Suspension
We originally took the decision to suspend our rating on the fund in April 2019. This was following the suspension in dealing of several Guernsey listed stocks that were held in the portfolio. Although ultimately these suspensions were lifted, we continued to have questions over the shape and structure of the portfolio and as such our rating remained suspended. We are continuing to closely monitor the situation and will provide more information when we have it.
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