Every one of Hargreaves Lansdown's multi-manager funds have been determined to offer "good value" on a range of metrics by the vehicles' board of directors.
The declaration comes as part of the firm's first Assessment of Value (AoV) report, which determined that each fund offered value on the basis of offering economies of scale and "the additional level of service" they offer investors, even where there has been underperformance. All fund managers offering funds in the UK will be publishing AoVs in the coming weeks for funds with accounting years ending 30 September 2019 onwards, following the action taken by the Financial Conduct Authority in the wake of its 2018 Asset Management Market Study. FCA monitors Woodford-exposed multi-manager...
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
