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Aberdeen Standard reveals radical overhaul of Woodford fund ahead of reopening

New managers have dumped nine of Woodford’s top 10 stock-picks and pivoted the Income Focus fund toward larger, more liquid companies

Neil Woodford
Neil Woodford Photo: Tom Pilston

Aberdeen Standard Investments, which took over Neil Woodford’s £250m Income Focus fund at the end of last year, has pivoted the fund away from consumer stocks and financials and dropped many of his largest holdings.

ASI updated investors on the management of the fund on 11 February, ahead of its official reopening on the 13th, when retail buyers will be able to buy in and out again.

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