(Vocus) November 2, 2010
The First State Latin America Fund has become the first Latin America fund to be added to Hargreaves Lansdown’s Wealth 150 list - the list of what it believes to be the best funds across each fund sector.
Latin America has been gaining enormous presence in recent years. The region is seeing many years of political and social change finally coming to fruition and economic policies are also bearing fruit. More conservative government policies have slowly helped some economies become healthier and they are finally promising long-term economic stability. Although investing in this area still carries higher risk than investing in more established markets.
Brazil is by far the largest economy in Latin America and the 10th largest in the world with a young and increasingly well educated population. While Brazil has great significance in Latin America, the region is also made up of many other promising countries. Chile, for example, already has superb infrastructure in place that can comfortably support its export market. It is also home to many well managed and established companies. Peru has abundant natural resources, but it needs to expand its workforce and invest in new machinery to take full advantage of the opportunity this presents.
Mexico is home to some of the best corporate management in the region. The country is somewhat reliant on trade with the US so it has had a difficult period during the credit crisis, but a US recovery should have a positive impact on the prospects for the Mexican economy.
Meera Patel, Hargreaves Lansdown Senior Investment Analyst ‘First State has a proven emerging markets approach, focused on high quality companies with sustainable earnings, which has delivered long-term outperformance. Given their style, we would expect the fund to outperform in a falling market, and broadly keep up in a strongly rising market, although of course there are no guarantees. Their strategy has proven positive over the longer term and this fund makes a welcome addition to the Wealth 150.’
The Wealth 150 represents what Hargreaves Lansdown believes to be the best funds across all the major sectors. For a fund to be included in the Wealth 150 it must go through a rigorous selection process. A 10 strong research team use complex mathematical models and meet hundreds of fund managers a year. All funds within the Wealth 150 are continually monitored.
If a fund is not within Hargreave Lansdown’s Wealth 150, this is not necessarily a recommendation to sell. However, for anyone thinking of adding to their investments these are believed to be superior alternatives.
The Wealth 150 is designed for people who would like to choose their own funds. It does not constitute a personal recommendation. As well as the Wealth 150, Hargreaves Lansdown also offers a range of multi-manager funds which allow investors to leave the choice of underlying funds to a team of experts.
About Hargreaves Lansdown
Hargreaves Lansdown is a leading provider of investment management products and services to private investors in the UK.
Founded in 1981 by Peter Hargreaves and Stephen Lansdown, Hargreaves Lansdown floated on the UK stockmarket in May 2007 and is currently included in the FTSE 250 index. Hargreaves Lansdown is a broad and diversified business and has established a reputation for providing high quality service and value for money products to private and corporate investors. Key features of Hargreaves Lansdown’s business include:
- Providing investment products (including ISAs, SIPPs, funds, equities, venture capital trusts and pensions), as well as fund selection, stockbroking, advisory, discretionary and asset administration services.
- Administering approximately £17.5 billion of assets through Vantage directly on behalf of approximately 337,000 private investors. In total, Hargreaves Lansdown has £19.9 billion of assets under administration and management.
- The group manages £2 billion of funds through its own range of proprietary multi manager funds and a discretionary management service, of which some £600 million is held within Vantage.
- Hargreaves Lansdown aims to provide the best information, the best service and the best price. Hargreaves Lansdown provided over £120 million in discounts and rebates for their clients over the last year.
Based in Bristol, the business employs over 600 people and has been recognised through numerous industry awards, including:
Best SIPP Provider 2010 – What Investment
Best Independent Financial Adviser 2010 – What Investment
Best Investment Adviser 2009 – Money Marketing
Best Investment Manager 2008 – FT and Investors Chronicle Wealth Management Awards
SIPP Provider of the Year 2007 – UK Pension Awards
Vantage is the Group’s direct-to-private investor fund supermarket and wrap platform. The wrap service is suited for clients who like to make their own investment decisions or choose from Hargreaves Lansdown’s multi-manager range. The investments are administered by Hargreaves Lansdown and held in nominee accounts. Vantage offers clients the administrative convenience of holding all their assets (whether funds, equities or cash) in one place with online access via ISAs, SIPPs or with no tax wrapper.
For more information visit http://www.H-L.co.uk