RLAM's Cholwill: Why I am backing Hargreaves

clock • 2 min read

Royal London Asset Management's Martin Cholwill is backing Hargreaves Lansdown in the view worries over impact of RDR on the firm are overdone.

The top performing manager, running RLAM's £260m UK Equity Income fund, said the firm has benefitted from its internet platform and has further scope for secular growth. Cholwill (pictured) said: "Profits have grown in recent years, the shares have done very well but I still think there is a lot of secular growth and the worries on changes post-RDR are overdone in the share price. "I think it has got an attractive yield prospect - it is yielding nearly 4.5% at the moment and has a strong balance sheet, which is exactly what I want." Hargreaves announced recently it delivered record...

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