Hargreaves Lansdown has found two of its 14 funds are failing to provide value to investors, according to its latest Assessment of Value report.
The report for the year to September 2023 revealed HL Multi-Manager Asia & Emerging Markets and HL Multi-Manager Strategic Bond scored 'poor' in their overall rating. This was largely driven by poor performance for both funds, alongside costs standing above comparable market rates. Additional focus was also required on the authorised fund manager costs for the Asia and EM fund. Hargreaves Lansdown removes abrdn Asia Pacific Equity fund from Wealth Shortlist The HL Multi-Manager Asia & Emerging Markets fund will "undergo a complete assessment" over the next 12 months, which will ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
