Industry Updates

Hargreaves Lansdown launches three multi-asset funds using ETFs

ETFs will be used alongside third-party and HL building block funds

Theo Andrew

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Hargreaves Lansdown has launched three managed portfolios across the risk spectrum using ETFs as part of their offering.

The three funds, the HL Adventurous Managed Portfolio, the HL Moderately Adventurous managed Portfolio and the HL Balanced Portfolio are invested across global equities and bonds using ETFs, third-party funds and HL building block funds.

The adventurous portfolio will provide long-term capital growth at 90-110% volatility of global equity markets and will have an ongoing charges figure (OCF) of 0.99%.

Meanwhile, the moderately adventurous strategy will have 70-90% volatility of global equity markets with an OCF of 0.98%. The balanced fund has a 50-70% volatility to global equities with an OCF of 0.92%.

Investors will pay a 0.45% platform fee on top of the fund charges.

David Smith, senior fund manager at Hargreaves Lansdown, said: “HL’s new ready-made investment portfolios are for those looking to invest but unsure where to start. Investors can relax in the knowledge that our specialists will manage the day-to-day investment decisions.

“They will look to maximise returns according to the level of risk chosen. HL actively manages the portfolio, and the managers will combine funds, using asset allocation techniques, to blend asset classes for diversification.”

The group said the funds will start trading on 8 March.

Last November, the group launched the HL US Fund which has since amassed $745m assets under management (AUM).

It came after the investment platform expanded its passive research arm to include ETFs last May in response to client demand and industry developments.

With a focus on ETFs listed in the UK, the research arm will include analysis of ESG integration, investment process and performance.

The research will initially cover 11 ETFs including the $29.7bn Vanguard S&P 500 UCITS ETF (VUSA) and the £11bn iShares Core FTSE 100 UCITS ETF (ISF).

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