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It's a bad line approved pharmacy But in terms of income Mr Woodford’s performance has underperformed. Over the past two years, the High Income fund has underperformed the average market yield by so much that it was in danger of being kicked out of the Investment Management Association’s UK Equity Income fund sector. This is because it failed to produce a yield worth 110pc of the FTSE All Share index over the past two years. Funds that underperform over three years are ejected from the sector.

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