Hargreaves' Wealth 150 falls below 100 funds for first time

The number of funds on Hargreaves Lansdown's Wealth 150 list has fallen below 100 for the first time after the removal of two more offerings.

The list of funds recommended by the platform to retail investors now numbers just 98, continuing a long-term downward trend. Last week saw the removal of the £2.1bn Fidelity South East Asia fund, following Allan Liu's decision to step back from the portfolio. The £4.4bn First State Global Emerging Markets Leaders fund was also removed after First State soft-closed the portfolio. Hargreaves head of research Mark Dampier said last year that a paucity of active managers able to "produce the goods" was responsible for the list's falling number of constituents. As revealed by Invest...