Hargreaves Lansdown drops Marlborough Multi Cap Income from Wealth Shortlist

‘Not consistently added value’

Hargreaves Lansdown has removed the Marlborough Multi Cap Income fund from its Wealth Shortlist, citing a “reduced conviction” in the product.

Senior investment analyst at the fund platform Joseph Hill described manager Siddarth Chand Lall as an "experienced investor" but noted HL's conviction in the fund had been tested of late. HL picks Marlborough to run UK equity income mandate "While the fund got off to a strong start after its launch in July 2011, it has failed to deliver better returns than the UK stock market, represented by the FTSE All Share index, in recent years," Hill wrote." "Our analysis suggests that, for several years, the manager has not consistently added value through stock selection. "This is a key...