Spoilt for choice: Groups offered Hargreaves 600 cut price funds

Hargreaves Lansdown received over 600 individual deals on fund prices before it decided which funds would make it onto its new Wealth 150 + list, Investment Week can reveal.

The platform concluded its negotiations earlier this year, and subsequently revealed it had achieved an average AMC of 0.54% for the 27 funds which made the Wealth 150 + list. Hargreaves said at the time groups had "put their best foot forward" in terms of price, and Investment Week can reveal the fund supermarket was offered over 600 funds for inclusion on the core list during its negotiations. The amount of deals being offered shows while some fund groups talked tough, many were happy to let a chunk of margin go in return for a chance to see an increased level of flows from the coun...