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Tip of the iceberg. Fund closure problem much bigger than Woodford

Liquidity means “who will buy when I want to sell?”, and liquidity is back in the news with the suspension of trading in Woodford Equity income. This is a much bigger issue than this single fund - it stretches out to the whole fund industry and different types of funds. Here we explain the problem with a look back at our research.


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BNY Mellon

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