Hargreaves Lansdown will not announce the funds on its revamped Wealth 150 list until 1 March - but said it has secured annual management charges (AMCs) as low as 30bps for some active equity funds.
Earlier today, the platform said its Wealth 150 funds will have an average AMC of 0.65%, an 11% discount to standard AMCs of 0.76% for those funds. A core of 27 'favourite' funds, known as the Wealth 150+ range, will have an average AMC of 0.54% - an average 16 percentage point discount to the standard market AMC of 0.7% for the funds. Examples of funds with lower AMCs include Artemis Strategic Assets, which will have an AMC of 0.66% (vs 0.75% standard unbundled charge), and Invesco Perpetual's Tactical Bond fund, which will have an AMC of 0.45% (vs 0.625% standard). The Marlboroug...
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