Asset Management

Fidelity bars new investments in another Woodford fund

Fund supermarket becomes the latest to turn its back on the struggling fund manager

Tuesday 18 June 2019 at 13:48

Fidelity International, which runs one of the UK’s biggest fund supermarkets, has barred retail clients from making new investments in Neil Woodford’s Income Focus fund, a smaller counterpart to the Equity Income fund that was frozen earlier this month.

Fidelity will not prevent investors from withdrawing cash, however.