Hargreaves Lansdown

talexuser

Latest research from Yodelar:
Hargreaves have 13 funds they run themselves, 12 of these have consistenly ranked among the worst in their sectors, eg the HL Multi Manager Special Situations fund, was outperformed by 95% of funds in its sector over the past 5 years.
Their largest fund, Multi Manager Income & Growth with 2 bn invested is 72nd out of 80 in the sector over 5 years.

As far as other managers are concerned 56% of funds recommended in the so called Weath 50 (actually 73 funds at the moment) have a history of significant underperformance consistently ranking among the worst perfomers of their sectors.

zagfles

Have you got a link? All I could find on their site was something from 2020 after navigating the constant ads and signup prompts etc.

The only two HL funds I've got are the HL Select UK and Global Growth funds, which seem to have done OK, the UK one way outperformed the sector over 5 years and about average over 3 years, and the global one also outperformed over 3 years and since launch ( a bit over 3 years ago). It also outperformed Fundsmith over 3 years and since launch!

The MM funds are quite high charge which will drag on performance, like paying an IFA etc. Or Yodelar probably

https://www.trustnet.com/factsheets/o/newz/hl-select-uk-growth

https://www.trustnet.com/factsheets/O/q0l8/hl-select-global-growth/

So the suggestion all but one of their funds "have consistenly ranked among the worst in their sectors" is clearly incorrect! There's two which have outperformed over 3/5 years.

eskbanker

zagfles said:

Have you got a link? All I could find on their site was something from 2020 after navigating the constant ads and signup prompts etc.

Seems to be taken from https://www.yodelar.com/insights/hargreaves-lansdown-fund-review

bostonerimus

I don't know if H&L's funds are better or worse than any other funds, I couldn't be less bothered. But, from a bit of clicking around the Yodelar site I see that they are certainly not a disinterested party and have something to gain from rubbishing H&L recommendations if it pushes a few investors to use their services.

zagfles

eskbanker said:

zagfles said:

Have you got a link? All I could find on their site was something from 2020 after navigating the constant ads and signup prompts etc.

Seems to be taken from https://www.yodelar.com/insights/hargreaves-lansdown-fund-review

So, like a tabloid, their headline "12 of 13 Hargreaves Lansdown funds have consistently ranked among the worst performers in their sectors" is proved rubbish by their own data, which shows that 4 out of the 13 funds have outperfomed the sector average over 5 years (or since launch)!

DannyCarey

HL are a rip off, and their recommendations suck.

They should be on the hook for their relentless shilling of Woodford