You are here: Home - Investing - Experienced Investor - News -

Hargreaves Lansdown to launch ‘low cost’ equity funds

Written by:
Hargreaves Lansdown is launching a new range of own-managed, 'low-cost' equity funds.

The first fund, HL Select UK Shares, will launch on 1 December 2016 and sit in the IA UK All Companies sector. The fund will have a concentrated portfolio of 30 stocks.

The suite of funds will be available to investors with £25 a month to invest or £100 lump sum.

Investors will be able to see every holding in the fund, not just the top 10, and a breakdown by company and sector size.

When the manager buys or sells a position, Hargreaves Lansdown will inform investors via blog entries on a dedicated area of its site as well as through a direct email.

Lee Gardhouse, chief executive officer at Hargreaves Lansdown, said: “We are aiming to provide a new type of investor experience by offering access to an expertly managed portfolio of shares, in the convenience of a fund, with a new level of investor information and insight.”

The HL Select UK Shares fund will have an ongoing charges figure (OCF) of 0.6% and a Vantage platform fee of up to 0.45%.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
BLOG: Spending £3k BEFORE your baby arrives is crazy (and unnecessary) 

When I was pregnant with my son I spent £40 on a really cute but outrageously overpriced going-home-from-hospital-outfit from the...