Woodford sells out of long-standing position in Vodafone

Woodford has been gradually selling down his position in the telecoms giant over the past twelve months, and recently completely exited the stock. Vodafone was a core holding in both Wooford's funds for many years, worth 4.7% of his £11.9bn Invesco Perpetual High Income fund last April. However, last summer Vodafone dropped out of Woodford's top ten holdings amid fears over the sustainability of its payouts. Mitchell Fraser-Jones, product director for UK equities at Invesco Perpetual, said: "In terms of trading activity, the fund has now completed the sale of its holding in Vodafon...