Advisers criticised over keeping poor-performing fund in influential buy-list but excluding top performer
Britain’s biggest financial adviser, Hargreaves Lansdown, has slashed the fund offerings on its highly influential buy-list, controversially excluding top manager Terry Smith while keeping faith with rival Neil Woodford.
The Hargreaves Lansdown Wealth 150 list of funds is regarded as the most powerful buy-list in the asset management industry, driving huge flows in and out of fund firms.
Related: Is Terry Smith the best money manager Britain has ever had? | Patrick Collinson
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SOURCE: Investment funds | The Guardian – Read entire story here.