Woodford Income Focus – update

It has been announced today (20th December) that Link Asset Services have appointed Aberdeen Standard to be the new investment manager to the fund. This will come into effect from 31st December 2019 and the fund will be managed by Charles Luke and Thomas Moore.

The fund will remain suspended while the new managers reposition the fund’s investments but Link expects the fund will reopen no later than February 2020. We will write to you again when we get further information.

Link and Aberdeen Standard have agreed to waive their fees for their various roles until 31st May 2020.

Please note, the fund name will change from LF Woodford Income Focus to LF ASI Income Focus.

If you require further information or have any questions about this, please contact our customer services team on 08085 498 477 or email info@financialdiscounts.com

This article is for information only and reflects the author’s views at the time of writing, which are subject to change. This should not be regarded as a recommendation or solicitation to invest. If you are in any doubt about the suitability of an investment for your needs, you should seek professional advice.