Hargreaves Lansdown has launched three fund of fund portfolios which it sees as an “easy solution for those unsure how to start investing”, Investment Week can reveal.
The funds, which the firm is calling 'ready made', will have a mixture of third-party funds, ETFs and Hargreaves Lansdown building block funds. They are across three different risk levels: Adventurous Managed; Moderately Adventurous Managed; and Balanced Managed. The higher risk portfolios will have more assets in equities, with the lower risk funds having more in bonds. Asset managers prepare for staff reductions and streamlined product offerings in challenging 2023 The ongoing charges figure is 0.99% for the most risky, falling to 0.98% for the moderate fund and 0.92% for the bal...
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
