Charles Stanley Direct (CSD) has removed Neil Woodford's £6.7bn Equity Income fund from its Foundation Fundlist, amid concerns performance is "increasingly impacted" by a small number of early-stage businesses.
Although the firm praised Woodford's experience and performance as "one of the most talented and well-known fund managers in the UK", the fund has been removed the fund from the lis of CSD's highest conviction investment ideas on concerns the portfolio's positive factors may be "outweighed" by the higher growth part of the fund, which is made up of a smaller number of companies. Pensions and investments analyst Rob Moran explained the fund, which had been on the list since January 2015, had caused CSD a "level of discomfort" even though the fund could bounce back from a "tough period " o...
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