Six lessons from the Woodford fallout: when value is not value
Until the suspension is lifted, there isn’t anything investors can do about the woes of Neil Woodford’s Equity Income Fund. But lessons can be learned from the meltdown.
For the last week, British business news has been dominated by one story: Neil Woodford has had to suspend trading in his Equity Income Fund meaning investors cannot access their money.
It’s a stark reversal of fortunes for the fund manager who was once revered as ‘Britain’s answer to Warren Buffett’ and comes after several months of underperformance which has encouraged many investors to ask for their money back.
The decision to suspend the fund seems sensible…
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