June 18, 2019 / 10:53 AM / 3 months ago

Fidelity blocks investors from buying second Woodford fund - Telegraph

June 18 (Reuters) - Fidelity Personal Investing was blocking its customers from putting new money into money manager Neil Woodford’s Income Focus fund, the Telegraph Money reported on Tuesday.

The investment firm will continue to allow customers to withdraw money from the 325 million-pound fund but will not let investors buy new units, the report said.

LF Woodford Equity Income fund, which was among Woodford’s flagship funds, was suspended earlier this month due to an increase in redemption requests. (Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)

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