Hargreaves Lansdown has raised £94m for the latest addition to its multi-manager range, an Asia and emerging markets fund.
Hargreaves said the figure, raised during the HL Multi-Manager Asia and Emerging Markets fund's offer period, means it has now raised £347m this year from a trio of multi-manager launches, which also included a UK Growth and a European fund. The multi-manager range now has a total of £5.2bn assets under management. The firm said earlier this year it will consider taking the funds to the adviser marketplace in future. Lee Gardhouse, investment director and fund manager said: "The significant investor support for multi-manager funds reflects the demand from investors for ready-made inve...
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
