Funds News 

LF Woodford Income Focus caught in the crossfire

LF Woodford Income Focus caught in the crossfire

LF Woodford Income Focus (GB00BD9X7109), the smallest of the three funds run by Woodford Investment Management and which is still open for trading, has experienced a sharp uptick in investor redemptions over the past few weeks. At the end of April the fund had assets under management worth £552.5m, but as of 10 June this had fallen to £393.95m, according to research company Morningstar. A spokesperson for Woodford Investment Management said that this was mainly due to investors pulling their money out of the fund but also performance.

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