Hargreaves Lansdown removes Amati UK Listed Smaller Companies from Wealth Shortlist

Wider business has suffered

The Amati UK Listed Smaller Companies fund has been removed from Hargreaves Lansdown’s Wealth Shortlist due to years of "outflows" and "poor performance" contributing to assets "shrinking significantly".

As of the end of March, the fund had £414m in assets under management, but according to Amati's website, this had shrunk further to just £212m by then. Joseph Hill, senior investment analyst at HL, said that the fund, launched in December 1998, is Amati's biggest mandate "by a considerable margin, and so its success is important to the business". Babcock to replace Hargreaves Lansdown in the FTSE 100 as defence focus intensifies He noted the asset manager as a whole has "not been alone in seeing outflows" in recent years, given its mandates are mainly focused on UK-equities, an are...