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Ronnie coleman
Tel: Mob + (86) 18396211572
No. 617,Surabaya Road,Huli District, Xiamen, Fujian, China
THE ECONOMIST
THE STOCKMARKET is a risky and complicated place. For more than a century many investors have trusted financial experts to pick the best shares for them, in return for a hefty fee. But even the experts can get it badly wrong.
That has been the case this week with Woodford Investment Management, which has suffered two devastating blows. The first occurred when the firm suspended trading in its flagship Equity Income fund, locking in investors’ money. The second came when St James’s Place, a wealth management group, announced that it was replacing Woodford as the manager of some £3.5bn worth of assets. That move alone reduced the amount of money managed by Woodford by around 40%
