Hargreaves Lansdown (HL) has updated investors on the implications of its multi-manager range holding the Woodford Equity Income fund (WEIF), which is now being liquidated.
Following the announcement by Link Fund Solutions on Tuesday (15 October) that manager Neil Woodford had been removed from WEIF and the fund was in the process of being wound up, HL remained tight-lipped on the impact the liquidation would have on the six-strong range of multi-manager funds. Woodford Investment Management (IM) subsequently announced it was closing the business and Link said in a statement the Woodford Income Focus fund - which is not held in the HL portfolios - had been suspended. However, HL released an update yesterday (16 October), detailing the weightings each of ...
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