Hargreaves Lansdown removes Lindsell Train funds from Wealth 50

To protect the interests of clients and shareholders

Beth Brearley
clock
"Given the continued popularity of the funds we anticipate the investment in Hargreaves Lansdown shares could grow further and we are therefore removing them from our favourite funds list at the end of the month in line with our procedures," Hargreaves Lansdown's Lee Gardhouse
Image:

"Given the continued popularity of the funds we anticipate the investment in Hargreaves Lansdown shares could grow further and we are therefore removing them from our favourite funds list at the end of the month in line with our procedures," Hargreaves Lansdown's Lee Gardhouse

Hargreaves Lansdown (HL) is removing the Lindsell Train UK Equity and Lindsell Train Global Equity funds from the Wealth 50 at the end of the month, the investment platform has said.

The firm said the decision was not investment-based but to "protect the interests of our clients and shareholders [and] the independence of our investment process", due to the fact both Lindsell Train...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Louis Williams: "Capturing clients’ sustainability preferences provides the adviser with a foundation in which to have a conversation in order to understand their goals from the outset."

Louis Williams: Why getting to the heart of ESG matters

Understanding clients of all ages

Louis Williams
clock 26 November 2021 • 5 min read
Unlocking asset owner capital crucial to net zero goals

$23trn held by top 100 asset owners 'key' to achieving net zero goals

14 out of top 100 asset owners aligned with net zero

clock 25 November 2021 • 2 min read
Meet the ESG Investment Influencers: The inside story with Sarah Miller of Redington

Meet the ESG Investment Influencers: The inside story with Sarah Miller of Redington

Fund selector insights into sustainable investing

Beth Brearley
clock 24 November 2021 • 1 min read