One Woodford-related article; another Woodford-related article; and … millions of pensioners warned - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Revealed: funds that tie up your money in stocks you can't sell "Three of Britain's biggest fund managers invest in unlisted companies - the risky assets that ultimately caused Neil Woodford to halt withdrawals from his Equity Income fund because they are hard to sell to raise cash for investors," this Sunday Times article claims this weekend. The largest holder of unlisted stocks the paper discovered was Invesco Income, with 4.9% of the fund's portfolio in these assets at the end of March. It used to be more, with 6.89% held on 30 September 2018. Two other Invesco funds, High Income a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
