Investment experts believe there is almost no chance Neil Woodford’s multibillion-pound equity vehicle will reopen on Monday, with some suggesting the flagship fund may not even reopen this year.

Woodford’s £3.7bn equity income product was suspended on June 3 after Kent County Council told the portfolio manager, once touted as the UK’s answer to legendary US investor Warren Buffett, it intended to pull £263m following a sustained period of poor performance.