Hargreaves Lansdown has removed the Invesco Perpetual U.K. Smaller Companies Equity Fund from the Wealth 150 list. The U.K. financial service provider and asset management specialist dropped the fund after its performance fell below the sector average last year.
Richard Smith has been managing the £486.3 million fund since 2002. Separately, Hargreaves also dropped Harry Nimmo’s £1.3 billion Standard Life U.K. Smaller Companies fund from the Wealth 150 list of recommended funds due to its soft closure, adds Financial Times.
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