Right Response: Neil Woodford and Conduct Authority

right response: The Financial Conduct Authority was asleep, or too in awe of EU rules, when Neil Woodford was messing about with meaningless Guernsey listings for some of the unquoted rubbish in his Equity Income portfolio, according to The Guardian. But the suspension of M&G's 2.5bn Property Portfolio fund is different. And often it's the right response, at least in part. The problem here is the structure of the product. If too many investors want to exit at the same time, the fund can't flog the underlying assets fast enough to meet redemptions. A daily dealing facility for an open-ended fund that invests in property, an illiquid asset, is bound to cause difficulties sooner or later. (news.financializer.com). As reported in the news.