Fund supermarket Hargreaves Lansdown is continuing to shun investment trusts despite bolstering its research into the sector over the past year.
Ahead of the Retail Distribution Review (RDR) last year, Hargreaves strengthened its coverage of the closed-ended universe in a drive to give its clients a more comprehensive overview of the sector. However, seven months into the post-RDR world, the firm said the removal of trail commission has not changed its view there are too many drawbacks and risks associated with the listed vehicles. Lee Gardhouse, investment director and head of investments at the firm, said liquidity remains in short supply for large scale fund buyers. For this reason, the group will not begin recommending ...
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