Hargreaves Lansdown assets and new business fall in Q1

Kathleen Gallagher
clock • 1 min read

Investment platform Hargreaves Lansdown has reported its closing assets under administration fell to £132.3bn at the end of April, from £141.2bn at the end of December last year.  It said this was due to "adverse market movement through the period driven partly by exposure to global equity markets, particularly US technology stocks, with the Nasdaq down 21%". Assets in funds dropped by £6.1bn from the end of December to the end of April, while shares fell £4.5bn and HL funds fell £0.6bn. It also reported net new business of £2.5bn for the four months until the end of April, down fr...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?