Hargreaves Lansdown suffers significant withdrawals on multi-manager funds trapped in LF Equity Income

Two largest mandates lose nearly £400m between them

David Brenchley
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Redemptions from HL's ten-strong multi-manager range between June and December totalled £594m
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Redemptions from HL's ten-strong multi-manager range between June and December totalled £594m

Investors withdrew more than £500m from the six Hargreaves Lansdown (HL) multi-manager funds that are trapped in the LF Equity Income fund in the final seven months of 2019, as the funds all underperformed their sector averages, data shows.

Morningstar estimates redemptions from HL's ten-strong multi-manager range between June and December totalled £594m, with £508m of those outflows coming out of the six with exposure to Neil Woodford's...

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