Hargreaves Lansdown adds BNY Mellon multi-asset fund to Wealth Shortlist

Managed by Simon Nichols

Hargreaves Lansdown has added the BNY Mellon Multi-Asset Balanced fund to its Wealth Shortlist, Investment Week can reveal.

The fund is managed by Simon Nichols, who took over as lead manager in 2017, and focuses on investing in global companies with good long-term prospects, using bonds and cash to act as diversifiers. According to Hal Cook, senior investment analyst at Hargreaves Lansdown, Nichols "favours the shares of established companies with competitive advantages, that often pay a dividend". He added the fund could "diversify an investment portfolio focused on growth, or a portfolio focused on company shares ", as well as providing an exposure to UK global businesses with its large-cap focus. Ty...