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BREAKING NEWS

BREAKING NEWS

Suspended Woodford fund AUM drops 4.3% since May 31 - Morningstar

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LONDON (Reuters) – Woodford Investment Management’s suspended equity income fund saw its assets under management drop 4.3% to 3.55 billion pounds on June 6 from 3.71 billion on May 31, according to Morningstar data provided to Reuters on Monday.

The firm’s other open-ended fund, its income focus fund, saw assets under management drop 14% to 425.2 million pounds over the same period, the data showed.

Woodford suspended the equity income fund on June 3. The income focus fund is still trading.

(Reporting by Carolyn Cohn; editing by Simon Jessop)

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