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 funds invest in Hargreaves Lansdown and the investment "could grow further". In a Wealth 50 update, chief investment officer Lee Gardhouse said: "As the funds have grown in size, the investment in Hargreaves Lansdown hares has grown too. "Given the continued popularity of the funds we anticipate the investment in Hargreaves Lansdown shares could grow further and we are therefore removing...
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