Hargreaves Lansdown ‘low-charge equity fund’ lands next month

Added 14th November 2016

Hargreaves Lansdown announced it will launch a new ‘low-charge’ equity fund on 1 December 2016.

Hargreaves Lansdown ‘low-charge equity fund’ lands next month

Sitting in the IA UK All Companies sector, the HL Select UK Shares fund will be the first in a range.

According to the company, the fund’s ongoing charges figure of 0.6% makes it cheaper than 94% of all funds in its IA sector. The fund will also have “a significantly lower investor entry point” at £25 per month or a lump sum of £100, Hargreaves Lansdown stated. However, a vantage platform fee of 0.45% will also apply.

The funds are tailored with “DIY investors” in mind said chief investment officer Lee Gardhouse.

“Investing shouldn’t be a black art, understood by the few, nor should it be a black box, where you just take what you’re given without understanding why,” echoed Steve Clayton, manager of the fund.

The firm said it would alert investors in the fund about movements in the portfolio as soon as they occur and would provide information about all holdings, not just the top ten, and monthly portfolio performance reports. 

“We want our investors to really understand what is happening to their money, and why their fund manager bought and sold the stocks they did. HL Select UK Shares investors will be told why we hold the shares we do. And when we change the portfolio, we’ll explain what’s moved in and out, and why we did it,” Clayton added.

The vehicle will target “companies strong enough to be in charge of their own destinies” with recurring revenues, high margins, exceptional products, healthy returns, low debt levels and good cash generation. The fund’s portfolio will contain around 30 holdings, concentrated on Hargreaves Lansdown’s best ideas.

Applications close on 30 November.

Sponsors

Portfolio Adviser: Guide to Europe

Portfolio Adviser: Guide to Europe

After a politically turbulent time in 2016, Europe has been under scrutiny with several nations going to the polls.The question asked, would investors be right to...

Kames Income Hub

home_research_centre

Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

AXA Distribution Fund
AXA Distribution Fund

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

Profiles

Viewpoint

Investment Strategy

Feature

Tweets

Events

PA Income 2017
PA Income 2017

Tuesday 4 July
Radisson Blu Edwardian Bloomsbury Street Hotel 

PA Edinburgh 2017
PA Edinburgh 2017

Thursday 7 September
Balmoral Hotel

PA Alternatives 2017
PA Alternatives 2017

Tuesday 12 September
Radisson Blu Edwardian Bloomsbury Street Hotel

PA Dublin October 2017
PA Dublin October 2017

Tuesday 10 October
Westbury Hotel, Dublin

Sponsored Content

OTHER STORIES FROM LAST WORD...