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Managed Funds (Pie etc) - Risk to look out for
https://www.theguardian.com/business...-woodford-fund
"Chris Hill, its chief executive, said he shared clients’ disappointment and frustration after the closure of the Woodford equity income fund which prevented investors from cashing out of the ailing investment vehicle."
"His firm has come under fire from investors who will not be able to access their investments until the suspension is lifted. Investors have also criticised the City regulator, the Financial Conduct Authority, for failing to see the risks taken by Woodford."
Just a friendly reminder that this generally happens when the market turns or the "picks" dont work. The long withdrawl period for general business is in my opinion risky but if this turns sour and theres a run on the fund then you are locked in. Worth the extra 2% extra return?
Dont have all your money in one of these funds.
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