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

Hargreaves Lansdown launches fund for ‘income starved’ investors

Written by:
Investment broker Hargreaves Lansdown is to expand its own fund range with the launch of a new high income fund, aimed at “income-starved investors”.

The HL Multi-Manager High Income fund will invest mainly in equity income and bond funds and is offering a starting yield of 4.5%, with income paid monthly.

Initially, the fund will have approximately 60% invested in shares and 40% invested in corporate bonds.

The fund will be run by multi-managers Lee Gardhouse and Ellen Powley.

Gardhouse said: “In the current world of income austerity, generating an attractive income from savings and investments is a challenge. Many of the traditional sources of income have evaporated, thanks to monetary policy.

“Negative interest rates have appeared in Europe and Japan, while in the US and UK central banks are back-pedalling on interest rate rises. Even once rates do start to rise, it will be a long and slow process before they return to pre-financial crisis levels.

“In the meantime, ISA investors and pension freedom investors need a sustainable rising income, and our new Multi-Manager High Income fund aims to offer these investors a solution, by blending together the cream of the crop of income managers in a single investment portfolio.”

The initial charge is 3% but this is fully discounted if bought through Vantage, Hargreaves Landown’s platform.  The on-going charge for the fund is 1.3%, while the Vantage annual management fee is 0.45%.

The deadline to invest at the £1 fixed launch price is 5pm on 13 April 2016.

Hargreaves Lansdown launched its first multi-manager fund 15 years ago and now runs £5.9bn of client money across 10 funds. The biggest is the HL Multi-Manager Income & Growth Trust, a UK Equity Income fund.

For more, read our getting started guide to multi-managers


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

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

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