Schroders Capital Global Innovation Trust (INOV)

Sector:

Investment Firms

Index:

FTSE Small Cap

12.80p
   
  • Change Today:
    -0.13p
  • 52 Week High: 15.50
  • 52 Week Low: 12.00
  • Currency: UK Pounds
  • Shares Issued: 839.26m
  • Volume: 1,556,118
  • Market Cap: £107.43m

FCA launches investigation into Woodford fund

By Michele Maatouk

Date: Tuesday 18 Jun 2019

LONDON (ShareCast) - (Sharecast News) - The Financial Conduct Authority has opened an investigation into the events leading up to the suspension of one-time star stock-picker Neil Woodford's flagship equity income fund.
In a letter to the Chair of the Treasury Select Committee, FCA chief executive Andrew Bailey said: "We have opened an investigation but cannot comment any further."

Earlier this month, Woodford Investment Management said dealing in shares of its flagship Woodford Equity Income Fund had been suspended until further notice following "an increased level of redemptions".

Bailey said in the letter that the FCA has been in touch with Link, Woodford's authorised corporate director and the regulated manager of the fund, since February 2018 about issues related to "liquidity risks" from the Woodford fund.

"In February and March 2018, the FCA engaged with Link in connection with two breaches of the 10% limit on the maximum proportion of unlisted securities held within WEIF," he said. "Following our engagement, these breaches were each notified to us as resolved within a timeframe we had agreed with Link."

Bailey added that following this engagement, Link revised its liquidity risk management measures to ensure it could meet redemptions on demand and no further breaches of the 10% limit were notified.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

INOV Market Data

Currency UK Pounds
Share Price 12.80p
Change Today -0.13p
% Change -0.97 %
52 Week High 15.50
52 Week Low 12.00
Volume 1,556,118
Shares Issued 839.26m
Market Cap £107.43m

INOV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.78% above the market average43.78% above the market average43.78% above the market average43.78% above the market average43.78% above the market average
73.74% above the sector average73.74% above the sector average73.74% above the sector average73.74% above the sector average73.74% above the sector average
Price Trend
24.46% below the market average24.46% below the market average24.46% below the market average24.46% below the market average24.46% below the market average
53.75% below the sector average53.75% below the sector average53.75% below the sector average53.75% below the sector average53.75% below the sector average
Income Not Available
Growth
39.62% above the market average39.62% above the market average39.62% above the market average39.62% above the market average39.62% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average

INOV Dividends

  Latest Previous
  Final Final
Ex-Div n/a 19-May-16
Paid n/a 10-Jun-16
Amount 0.000p 0.16p

Trades for 28-Mar-2024

Time Volume / Share Price
14:52 600,000 @ 13.13p
16:27 8,876 @ 12.71p
16:25 1,900 @ 12.71p
16:19 2,455 @ 12.71p
16:10 4,500 @ 12.71p

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