Open-end | Review | Global | 7 Mins Read | by
The UK's largest investment platform Hargreaves Lansdown (HL) is launching a new directly managed fund. HL Select Global Growth Shares seeks to invest in 30-40 high quality companies.
The key question is whether this fund will prove to be better than established global funds. The best way to judge is to evaluate the stocks in the fund.
It is commendable that HL Select Global Growth Shares will make its full portfolio available. In my view, it is not worth undertaking detailed analysis until we can see the stocks in the fund.
Is HL Select Global Growth too diversified?
In my view, the best alternative to a global fund is the S&P 500 ETF. This is because equity markets outside the United States are much lower quality. This theme is discussed in the article Top-Ten from Uncle Sam
iShares S&P 500 ETF (CSP1)