Hargreaves Lansdown has added an "ultra-low-cost" UK tracker fund to its Vantage platform.
The SWIP FTSE All-Share Index will carry an annual management charge of 0.07%, and a total expense ratio of 0.11%. Minimum single investment is set at £1,000 per holding, and a minimum monthly investment of £50 per holding The announcement comes after IFAonline revealed Hargreaves were to charge up to £2 per month for some tracker funds on Vantage. Head of advice Danny Cox [pictured] said Hargreaves has responded to the needs of investors looking for low cost tracking funds. Cox said: "Our aim is to be the best place to buy any investment directly in the UK. In 2010 we saved our...
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