BlackRock Continental European Income added to Hargreaves Lansdown Wealth Shortlist

'Resilient and defensive nature'

Hargreaves Lansdown has added BlackRock Continental European Income to its Wealth Shortlist for the first time after years of monitoring, Investment Week has learned.

In the announcement, Josef Licsauer, an investment analyst at HL, said the fund would "work well in an investment portfolio focused on income, or provide diversification to European or other global funds focused on growth", providing some "resilience during turbulent times for markets" and a balance to more "adventurous" portfolios. The £1.5bn fund has a defensive, blended investment approach and its investments can be split into three different ‘buckets': high yield, steady dividend growth and structural growth. HL said this dynamic could help limit volatility compared to its peers duri...