View more on these topics

Hargreaves drops Rathbone income; adds M&G strategic bond to Wealth 150

Hargreaves Lansdown has removed the Rathbone income fund and added M&G’s strategic bond fund to its Wealth 150 list.

The firm says the Rathbone fund, managed by Carl Stick, has struggled enormously during the market turmoil and says stock picking has been poor. It says the fund has also suffered from its exposure to smaller companies which have underperformed in difficult climate.

Hargreaves Lansdown has also added the M&G strategic bond to the list. The fund is managed by Richard Woolnough, whose M&G optimal income fund already features on the Wealth 150.

The firm does not believe the corporate bond market is entering a bubble and says there is significant scope to move upwards from current levels.

On Woolnough, it says: “He has made the right calls to stay away from the banks during their most troubled times. Our quantitative analysis also shows his credit selection has also been exceptional over time. The fund also differs from others in its peers with flexibility to deviate away from its core investment grade mandate.”

Recommended

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com