Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Hargreaves Lansdown reveals the 27 super clean funds on 150+

8 comments
Hargreaves Lansdown reveals the 27 super clean funds on 150+

Hargreaves Lansdown has revealed the 27 heavily discounted funds on its 150+ list.

The combined average management charge of these super clean funds is 0.54% and includes products run by high profile managers such as Angus Tulloch, Adrian Frost, Tom Dobell, Richard Buxton, Harry Nimmo, Leigh HarrisonStephen Harker and Giles Hargreave

However, there are some notable exclusions with Invesco Perpetual's UK equity income franchise run by Neil Woodford, who is leaving the firm to set up his own boutique, not on the list. 

Henderson, one of the UK's biggest fund houses, has no representation, along with JO Hambro Capital, whose chief executive Gavin Rochussen told Wealth Manager last week his firm would refuse to bow to downward pressure on fund fees.

The new list also does not include any index tracking funds, which can be found in a separate super low cost core tracker list. This list contains 12 funds and covering global equities and bonds managed by either BlackRock or L&G, with on-going charges ranging from 0.09% to 0.25%.

Hargreaves Lansdown 150+ sits alongside the provider's traditional Wealth 150, where the average annual management charge has fallen to 0.66%.

Hargreaves points out that every single fund manager on the Wealth 150+ list has outperformed the appropriate benchmark over the course of their career.

Hargreaves head of research Mark Dampier (pictured) said: 'Our investment team devotes over 30,000 hours a year to researching fund managers to identify the best in the market. The core investment principles which underpin our research process ensure that only the best funds make it onto the Wealth 150 and Wealth 150+.'

The firm's head of financial planning Danny Cox added: 'We have slashed the cost of investing by a quarter. On a typical portfolio (£30,000) an investor will be nearly £1,000 better off after 10 years.

'We have used this regulatory change to put the squeeze on fund manager pricing and lead competition in the market. We were one of the pioneers of discount broking back in the 1990s and Hargreaves Lansdown clients continue to benefit from our willingness to fight for the best possible deals from fund groups on their behalf.'

The list intensifies the fund price war, which has seen the likes of Skandia, Bestinvest and Barclays come out with their discounted pricing structures in recent weeks.

Meanwhile Fidelity has launched a 'price promise' in which it will refund the difference if customers can buy the same fund from a competitor at a cheaper price.

The 27 funds on 150+ and the annual charges on the Hargreaves platform are:

First State Asia Pacific Leaders: 0.8%

Marlborough UK Micro Cap Growth: 0.7%

Artemis Income: 0.66%

Artemis Strategic Assets: 0.66%

GLG Japan CoreAlpha: 0.65%

M&G Recovery: 0.65%

Old Mutual UK Alpha: 0.65%

Standard Life UK Smaller Companies: 0.65%

Threadneedle UK Equity Income: 0.65%

Threadneedle European Select: 0.65%

Newton Asian Income: 0.62%

Newton Global Higher Income: 0.62%

Newton Real Return: 0.62%

Aberdeen Latin American Equity: 0.6%                     

Marlborough Multi Cap Income: 0.6%

Newton Emerging Income: 0.55%

Axa Framlington Managed Balanced: 0.5%

Schroder Tokyo: 0.5%

Rathbone Income: 0.49%

CF Lindsell Train UK Equity: 0.45%

Lindsell Train Global Equity: 0.45%

Invesco Perpetual Tactical Bond: 0.45%

Artemis Strategic Bond: 0.41%

Royal London Sterling Extra Yield Bond:  0.32%

Fidelity Moneybuilder Income: 0.3%

Schroder Managed Balanced: 0.3%

Morgan Stanley Sterling Corporate Bond: 0.15%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Tom Dobell
Tom Dobell
149/153 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 24.66%
Richard Buxton
Richard Buxton
49/153 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 60.90%
Harry Nimmo
Harry Nimmo
41/42 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 47.44%
Giles Hargreave
Giles Hargreave
20/42 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 72.81%
Adrian Frost
Adrian Frost
37/76 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 57.51%
Leigh Harrison
Leigh Harrison
17/76 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 68.21%
Stephen Harker
Stephen Harker
13/53 in Equity - Japan (Performance over 3 years) Average Total Return: 55.01%
Angus Tulloch
Angus Tulloch
21/60 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 37.96%
Citywire TV
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter