Hargreaves Lansdown unveils four index portfolio funds run exclusively by BlackRock international-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from international-adviser.com Daily Mail and Mail on Sunday newspapers.
Risk-averse investors have seen up to a fifth wiped from the value of their nest eggs over the past year alone, leaving many at risk of a poorer retirement.
Risk-averse investors have seen up to a fifth wiped from the value of their nest eggs over the past year alone, leaving many at risk of a poorer retirement.
Sector Mutual Funds: Who should invest and why
Mutual Funds have become one of the most popular investment avenues in recent times. The numbers of investors are increasing steadily. This is because of the high returns investors get by parking their funds in equity. However, mutual funds are not all about equity related instruments. There are multiple funds that invest in different asset classes like equity, debt, real estate, gold, etc. Mutual funds provide ways to diversify investment portfolios. The diversification is advised because it opens windows of investments and thus gives a higher return than any other traditional form of investment. Besides, this minimises the risk investors face while participating in equity.
Hargreaves funds recoup a further £65m from Woodford payments in 2020
Multi-manager funds had already received over £300m from first payout last January
Hargreaves Lansdown’s multi-manager funds have recouped a further £65m-worth of assets trapped in the Woodford Equity Income fund in 2020.
Investors in the six multi-manager funds that held Neil Woodford’s former fund received around £312m in the first round of payouts distributed by authorised corporate director Link Fund Solutions last January.
Since then, they have received around £22m in the second distribution in March, £27m in the third payout in August and close to £15m in the fourth round at the end of December, according to figures disclosed in the multi-manager annual accounts.