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Hargreaves Lansdown launches FundsLibrary

Hargreaves Lansdown has announced the launch of its fund information centre FundsLibrary.

The website – www.fundslibrary.co.uk – is designed to provide a one-stop shop for professional investors to fund management group documents including group complied factsheets, report and accounts and a simplified prospectus.

It plans to roll out a second and third phase over the next few months, introducing interactive factsheets and enabling users to access the data in the format they require rather than in the traditional fixed PDF presentation.

A fund comparison tool is launching that will enable direct comparison of up to 10 funds.

FundsLibrary is a wholly owned subsidiary of Hargreaves Lansdown.

FundsLibrary managing director Stuart Louden says: “2006 has been an exciting year for us. The first stage of the website is now live providing access to factsheets, report & accounts and simplified prospectuses for funds from over 100 fund management companies. This service has proven exceptionally popular with a run rate of over 500,000 documents per annum now being sourced from the hub.”

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