An Aberdeen Standard Investments fund, previously overseen by fallen UK star fund manager Neil Woodford, has seen assets drop by almost a third in the three months since it was re-opened by the Edinburgh-headquartered asset manager.

ASI took over management of the Income Focus fund in December 2019, after it was suspended in the wake of Woodford’s bombshell decision to resign as manager of the vehicle on 15 October — the same day he closed the door on his investment empire following the implosion of his flagship Equity Income fund.