Hargreaves' Wealth 150 falls below 100 funds for first time

The list of funds recommended by the platform to retail investors now numbers just 98, continuing a long-term downward trend. Last week saw the removal of the £2.1bn Fidelity South East Asia fund, following Allan Liu's decision to step back from the portfolio. The £4.4bn First State Global Emerging Markets Leaders fund was also removed after First State soft-closed the portfolio. Hargreaves head of research Mark Dampier said last year that a paucity of active managers able to "produce the goods" was responsible for the list's falling number of constituents. As revealed by Invest...