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Woodford debacle: Income Focus Fund to reopen

Former Woodford fund LF ASI Income Focus is set to resume trading
Woodford debacle: Income Focus Fund to reopen

LF ASI Income Focus (GB00BD9X6L36), which used to be run by Neil Woodford, is set to start trading again on 13 February ending a suspension that lasted nearly four months.

Link Fund Solutions, the fund’s authorised corporate director, decided to suspend trading on 15 October 2019 after Mr Woodford resigned as manager of this fund and Woodford Patient Capital Trust, which is now called Schroder UK Public Private Trust (SUPP). At the time, Link warned that heavy outflows from LF ASI Income Focus, which used to be called LF Woodford Income Focus, could result in it having to sell holdings fast for unfavourable prices, “prejudicing the interests of both remaining and redeeming investors".

But on 31 January Link said that the fund's investments had been repositioned, meaning trading can resume on 13 February.

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