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Hargreaves Lansdown warns against protected products

The best way to achieve long-term success in the stock markets is to avoid most protected products and put together your own portfolio of actively managed funds, according to Hargreaves Lansdown.

The company claims the vast majority of protected products are poor value, expensive and over marketed, especially at times of volatile stockmarket conditions.

Hargreaves Lansdown says investors should look to experienced fund managers who will capitalise on market bounces.

Hargreaves Lansdown head of research Mark Dampier says: “While the credit crisis is likely to rumble on for the next few months, I believe that investors should focus on quality fund managers, not using protected funds that will see little of the upside when it comes.”

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