Monday, February 13, 2012

Wealth 150 list grows.

M&G, Ignis and Investec funds join Hargreaves Lansdown list of recommended funds
Hargreaves Lansdown has bolstered its Wealth 150 list of recommended funds with the addition of funds from M&G, Investec Asset Managment and Ignis's joint venture boutique Hexam.
The funds that joined the list last week are M&G Strategic Corporate Bond, Ignis Hexam Global Emerging Markets and Investec Global Special Situations.
Ben Yearsley, investment manager at Hargreaves Lansdown, said the move was a "natural evolution" of its recommended list of funds.
Mr Yearsley said the M&G fund was added to the stable because of the expertise of manager Richard Woolnough.
"Mr Woolnough is a really good manager, which was the main reason for adding the fund, but also the fund position is very different from the others in the bond sector," he said.
The Ignis Hexam emerging market fund, which was launched a couple of months ago, joined the stable of funds because it "complements" others available in that sector.
"The Ignis fund has more growth-orientated managers as opposed to the other more value-orientated offerings," said Mr Yearsley.
Ben Robinson, spokesman for Ignis, welcomed the recognition of the Hexam fund by Hargreaves Lansdown, saying that it had performed well since launching into the emerging markets sector.
He said: "An endorsement from Hargreaves Lansdown reflects a belief in Hexam's robust approach to constructing and managing high-conviction emerging markets portfolios.
"Bryan Collings and his team firmly believe emerging markets will come out of the current crisis stronger than the developed world and that the Hexam Global Emerging Markets fund will be well placed to continue to capture significant alpha from these markets over the years to come."
Investec's Global Special Situations fund, run by Alastair Mundy, was picked for inclusion in the Wealth 150 for its long-term track record.
"We rate the fund manager highly," said Mr Yearsley.

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