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Top five holdings make up 45%
LTIT to see fees cut from 0.65% to 0.6% next month
Grows pre-tax profits by 46%
Rathbones, Schroders and HL rallied last month
Bought asset manager on 2018 price dip
Investment Week research
High risk of capital loss
New IW series
Accusing HL of only caring about own profits
Holdings will need to "plough through their own furrow"