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Hargreaves reveals Wealth 150+ fund deals

Hargreaves Lansdown has revealed the 27 funds on its Wealth 150+ range where it has secured preferential pricing terms. 

The direct platform has secured prices ranging from 0.15 per cent to 0.8 per cent.

According to Hargreaves, 25 of the 27 have offered preferential pricing not available on any other platform.

It says the average cost of funds in the list of 27 is 0.54 per cent compared to an industry average of 0.71 per cent.

Across the whole of the Wealth 150 list, fund costs are 0.66 per cent on average.

On certain funds its pricing shows discounts on the total expense ratio as well as the annual management charge.

From April all new investments will go into clean share classes.

Hargreaves Lansdown head of financial planning Danny Cox says: “We have used this regulatory change to put the squeeze on fund manager pricing and lead competition in the market. We were one of the pioneers of discount broking back in the 1990s and Hargreaves Lansdown clients continue to benefit from our willingness to fight for the best possible deals from fund groups on their behalf.”

Hargreaves says it expects the list to change over time. 

Wealth 150+
  Standard AMC HL AMC HL Saving Standard TER HL TER

Aberdeen Latin American Equity

1

0.6

0.40

1.25

0.85

Artemis Income

0.75

0.66

0.09

0.79

0.7

Artemis Strategic Assets

0.75

0.66

0.09

0.84

0.75

Artemis Strategic Bond

0.5

0.41

0.09

0.58

0.49

AXA Fram Managed Balanced

0.625

0.5

0.125

0.685

0.56

Fidelity Moneybuilder Income

0.4

0.3

0.10

0.56

0.46

First State Asia Pacific Leaders

0.85

0.8

0.05

0.91

0.86

GLG Japan CoreAlpha

0.75

0.65

0.10

0.91

0.81

Invesco Perpetual Tactical Bond

0.625

0.45

0.175

0.73

0.63

Lindsell Train Global Equity

0.65

0.45

0.20

0.84

0.64

Lindsell Train UK Equity

0.65

0.45

0.20

0.79

0.59

M&G Recovery

0.75

0.65

0.10

0.9

0.8

Marlborough Multi Cap Income

0.75

0.6

0.15

0.77

0.62

Marlborough UK Micro Cap Gwth

0.75

0.7

0.05

0.79

0.72

Morgan Stanley £ Corp Bond

0.4

0.15

0.25

0.47

0.22

Newton Asian Income

0.75

0.62

0.13

0.84

0.71

Newton Emerging Income

0.75

0.55

0.20

0.93

0.73

Newton Global Higher Income

0.75

0.62

0.13

0.81

0.68

Newton Real Return

0.75

0.62

0.13

0.79

0.66

Old Mutual UK Alpha

0.75

0.65

0.10

0.85

0.75

Rathbone Income

0.75

0.49

0.26

0.81

0.55

Royal London £ Extra Yield Bond

0.75

0.32

0.43

0.88

0.45

Schroder Managed Balanced

0.5

0.3

0.20

0.63

0.43

Schroder Tokyo

0.75

0.5

0.25

0.92

0.67

SLI UK Smaller Companies

0.85

0.65

0.20

0.97

0.77

Threadneedle European Select

0.75

0.65

0.10

0.94

0.72

Threadneedle UK Equity Income

0.75

0.65

0.10

0.86

0.69

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  2. Not sure why HL are so interested in small portfolios. Anyone with £25,000 or more could find much better places to invest

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