June 5, 2019 / 4:37 PM / 20 days ago

BRIEF-Morningstar Downgrades Suspended Woodford fund to 'Negative'

June 5 (Reuters) -

* MORNINGSTAR DOWNGRADES LF WOODFORD EQUITY INCOME FUND TO ‘NEGATIVE’ FROM ‘NEUTRAL’ FOLLOWING PERIOD OF HEIGHTENED REDEMPTIONS

* WITH PORTFOLIO POSITIONING NOW FOCUSED MORE ON SOURCING LIQUIDITY THAN ON INVESTMENT CONVICTION, WE CONSIDER THE STRATEGY STRUCTURALLY IMPAIRED IN ITS ABILITY TO IMPLEMENT ITS INVESTMENT PROCESS Source text for Eikon: Further company coverage: [ ] (Reporting By Simon Jessop)

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