Hargreaves Lansdown has pulled a raft of funds from its Wealth 150 list, citing poor manager performance.
Schroders' Japan Alpha Plus and Gartmore's Emerging Markets Opportunities are gone, along with Templeton Emerging Markets and Axa Framlington Equity Income and Monthly Income. Added to the list are the Neptune Income, Newton Income and Newton Higher Income, JOHCM UK Equity Income, Threadneedle UK Equity Alpha Income, Bloxham Global Equity and Invesco Perpetual UK Aggressive funds. Hargreaves Lansdown's senior analyst Meera Patel says there is no unifying reason for the funds to be deselected but adds some display a small cap bias and others are simply underperforming.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes