Hargreaves Lansdown Collaborates with BlackRock to Launch Four New Multi-Asset Index Portfolio Funds

Hargreaves Lansdown (HL) has announced a strategic partnership with BlackRock to introduce four innovative multi-asset index portfolio funds, responding to the increasing trend towards index investing.

According to HL, there has been an impressive 80% rise in clients opting for index funds as their primary investment choice over the past two years, prompting this joint effort with BlackRock.

The new portfolios will be exclusively managed by BlackRock and will offer investors access to a wide range of index funds and ETFs.

Toby Vaughan, the Chief Investment Officer at Hargreaves Lansdown, highlighted that the company’s clients have shown a growing interest in index funds, with over two and a half times increase in investment over the last 7 years.

The collaborative launch is part of HL’s strategy to enhance its investment offerings and cater to investors of various experience levels with a simple and cost-efficient solution. These new funds are set to hit the market on June 6, 2024.

The four new funds, namely the HL Multi-Index Adventurous, HL Multi-Index Moderately Adventurous, HL Multi-Index Balanced, and HL Multi-Index Cautious, are designed to provide diversified investment options in line with different risk appetites.

Managed by HL’s experts Ziad Gergi and David White, the funds aim to deliver optimal asset allocation strategies across shares and bonds, with Gergi’s background including stints at Barclays Wealth and White’s experience at Nationwide and BMO Global Asset Management.

Investors looking to start investing can benefit from the minimum investment threshold of £100 or £25 monthly, with a capped OCF of 0.30% and additional HL platform fees applicable for different account types.