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

clock • 3 min read

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 former fund. The two largest of those mandates - the £2.8bn HL Multi-Manager Income & Growth fund and the £1.8bn HL Multi-Manager Special Situations ...

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