Hargreaves Lansdown is adding index trackers to its Wealth 150 Plus recommended fund list for the first time as investor interest in passives continues to grow.
The firm is adding 13 index funds, previously held on its Core Tracker List, to the Wealth 150 Plus, the first time passives will be included in the list since its launch in 2003. The move is aimed at making it easier for investors to compare funds, both active and passive, across each sector. Mark Dampier (pictured), head of research, said: "Private investors are pragmatic, not dogmatic, when it comes to their portfolio, and simply want the most appropriate fund for the market they are investing in, whether that is active or passive. "Index trackers have become an important par...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
