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LF Aberdeen Income Focus
TerryP
Posts: 26 Forumite
Good morning, looking for advice/opinions please. My partner and I hold shares in LF Aberdeen Income Focus Fund. It was originally a Woodford fund that collapsed after the Woodford fiasco. Its so long ago I cannot remember the original name. Anyway, I have just received a letter from HL indicating that LF are proposing to merge this fund with another of their funds (UK Income Equity Fund). I am given the choice to sell before the proposed merger, or hold my shares in the hope that they may bounce back. If we sell we will lose a considerable amount. Any thoughts please ?
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Comments
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Forget the past. Look forward.
Does the fund fit in with your wider portfolio and your partner's objectives. (its not a fund designed to be held by itself - nor was the woodford fund - it was designed to be part of your UK equity holdings).
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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