Woodford Equity Income - I really don't get today's drop?

Thrugelmir

davidquizer wrote: »

Of course its profile is riskier, but its a top class fund and you only lose if you sell at the wrong time. I'm planning to keep that fund for many years.

Presumably you sold out of Woodford because you saw better returns had been made elsewhere. Chasing performance is akin to finding the end of a rainbow. SMT has traded in a range between 569p and 417p in the past 12 months. Hardly surprising given it's hefty exposure to Tesla and Amazon.

talexuser

aroominyork wrote: »

Fundsmith's valuation point is midday, before the US markets open. Your Vanguard funds were probably valued after Wall Street closed, so you can expect to see the hit on Fundsmith tomorrow.

Update to your valid point, fall today was 1.7%, still only half or less of my various Vanguard world trackers for example, and most others in the red.

Aminatidi

Fundsmith down 1.7%
Lindsell Train down 1.4%
Blue Whale down 2%

Kendall80

Woodford Equity Income acc up 0.07%


Edit: error - down 1.92%

fun4everyone

Kendall80 wrote: »

Woodford Equity Income acc up 0.07%

Is it? Trustnet here https://www.trustnet.com/factsheets/o/kebc/lf-woodford-equity-income-c-acc-gbp list todays movement as -1.92%, as do fidelity. I did not check anywhere else.

His flagship fund is now up 7.9% in almost 4 years. Absolutely atrocious compared to UK passive funds or any of his peers active funds, even the crappy high charge closet tracker types.

Sue58

talexuser wrote: »

Update to your valid point, fall today was 1.7%, still only half or less of my various Vanguard world trackers for example, and most others in the red.

Yes, most of the global IT’s were down between 3-3.5% on Friday and SMT is down 4.5% including close of business today so Fundsmith at 1.7% is good and looking quite defensive in these type of downturns.

Kendall80

fun4everyone wrote: »

Is it? Trustnet here https://www.trustnet.com/factsheets/o/kebc/lf-woodford-equity-income-c-acc-gbp list todays movement as -1.92%, as do fidelity. I did not check anywhere else.

You are correct - apologies. CSD shows it as 0.07% up but clicking on the 1-day graph shows a 1.9% drop. They just havent updated todays figure.

fun4everyone

Kendall80 wrote: »

You are correct - apologies. CSD shows it as 0.07% up but clicking on the 1-day graph shows a 1.9% drop. They just havent updated todays figure.

I have similar issues with CSD, my holdings there don't appear to properly update until 8am the following morning although I think the platform has the data before that as some totals update earlier.

Johnnyboy11

fun4everyone wrote: »

...His flagship fund is now up 7.9% in almost 4 years. Absolutely atrocious compared to UK passive funds or any of his peers active funds, even the crappy high charge closet tracker types.

You are being too kind.


Then there's his Woodford Patient Capital Trainwreck, having lost 24% in its four years of existence, ouch!

talexuser

The "Patient" bit obviously means longer than 4 years!