Hargreaves raises £94m for latest multi-manager launch

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...