Hargreaves sees inflows jump 23% in H2 2015; plans new MM fund

To launch High Income fund

Hargreaves Lansdown saw net new business inflows increase by 23% to reach £2.8bn in H2 2015 as its multi-manager funds continued to attract interest, and plans further launches this year.

In its results for six months to the end of December, Hargreaves announced further plans to expand its multi-manager range, which has seen a lot of interest from investors. It intends to launch a High Income fund on the back of the success of its three multi-manager launches in 2015. This follows the announcement last week of a new HL Strategic Assets fund, to be launched in March 2016. During the reporting period, Hargreaves saw net new flows into its HL Multi-Manager funds rise 35% to £369m on the same period last year, boosted by the launch of new funds. The multi-manager range now...