Woodford's Equity Income fund at risk of expulsion from IA

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Fletchsmile
Wizard

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Woodford's Equity Income fund at risk of expulsion from IA Mar 2, 2016 14:26:10 GMT 7

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Post by Fletchsmile on Mar 2, 2016 14:26:10 GMT 7

Actually, I'm quite happy he's not chasing income yields for the sake of it...

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Woodford's Equity Income fund at risk of expulsion from IA sector

One-year yield falling short of requirements

The £8.3bn CF Woodford Equity Income fund, managed by Neil Woodford, is at risk of losing its place in the Investment Association’s UK Equity Income sector, as its one-year yield is falling short of the sector’s requirements.

In statistics updated this morning, following the end of February deadline for groups to supply the IA with their latest yield data, the fund's yield for the year ending 31 December 2015 was 3.4%.

For the same period, the FTSE All Share yielded 3.7%. To meet the sector requirements funds must yield 110% of the FTSE All Share yield on a three-year rolling period, which for 2015 was 4.1%.

contd.
www.investmentweek.co.uk/investment-week/news/2449054/woodfords-equity-income-fund-at-risk-of-expulsion-from-ia-sector?utm_medium=email&utm_campaign=IW.SP_06.Daily_RL.EU.A.U&utm_source=IW.DCM.Editors_Updates

Fletchsmile, 13th of the Istari wizards - Wandered Middle Earth for centuries and chose Thailand.
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"Do not meddle in the affairs of wizards, for they are subtle and quick to anger" (LOTR)

AyG
Crazy Mango Extraordinaire

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Woodford's Equity Income fund at risk of expulsion from IA Mar 3, 2016 10:06:42 GMT 7 rgs2001uk and Fletchsmile like this

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Post by AyG on Mar 3, 2016 10:06:42 GMT 7

The prices of income generating investments have been driven up to ridiculous levels thanks to the (completely failed) economic policies of various governments and institutions. Once governments realise that they need to push money into the real economy, rather than handing it over to the banks who will just sit on it things will start moving again, bank interest rates will rise and the prices of these investments will come down.

On top of that, many oil and mining companies, which have traditionally had high yields, and contributed a lot to the FTSE's income will be cutting their dividends this year.

All in all, it seems to be that Woodford is doing the right thing for his investors.

AyG Crazy Mango Extraordinaire Posts: 5,871 Likes: 4,555	Woodford's Equity Income fund at risk of expulsion from IA Mar 3, 2016 18:27:02 GMT 7 Quote Select Post Deselect Post Link to Post Back to Top Post by AyG on Mar 3, 2016 18:27:02 GMT 7 Commentary on the unsustainability of UK dividend levels: citywire.co.uk/wealth-manager/news/chand-lall-beyond-the-ftse-100-dividend-minefield/a886292?

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Woodford's Equity Income fund at risk of expulsion from IA

Post by Fletchsmile on Mar 2, 2016 14:26:10 GMT 7

Post by AyG on Mar 3, 2016 10:06:42 GMT 7

Post by AyG on Mar 3, 2016 18:27:02 GMT 7

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