HL Expands Select Range With Global Growth Fund

The HL Select Global Growth Shares fund is the third product to be added to its £460m HL Select range and will sit in the IA Global sector. 

It will will launch on 3 May at a £1 fixed launch price, which will be available until 2 May; applications to invest are open now. The OCF on the fund is 0.6%, plus a Vantage fee of up to 0.45%.

The fund's aim is to achieve log-term capital growth while maintaining strong communication with investors. The vehicle will invest across all major stockmarkets, with a high conviction portfolio consisting of 30-40 names.

It is benchmarked against the FTSE All-World index, managed by the HL Select team led by Steve Clayton.

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Clayton said: "Investing globally opens up new opportunities to find truly exceptional companies from a much bigger pool of choice. We try to identify great businesses, wherever they are in the world, with strong balance sheets, and own them for the long term.

"We look for businesses that are in charge of their own destiny, which will grow through thick and thin, regardless of issues like Brexit. By taking a wary attitude to debt, we hope to shield investors from the worst of any future downturns, while capitalising on the upswings.

"We want HL Select investors to really understand what is happening to their money, and why their fund manager bought and sold the stocks they did.

"We provide a new type of investor experience by offering access to an expertly managed portfolio of shares, in the convenience of a fund, with a wealth of regular information and insight for those who want to take a closer look at the investments we make on their behalf."