HL Select UK Income Shares fund raises £251 million
HL Select UK Income Shares Fund launched today at a fixed £1 price, after raising £251 million* during the offer period, surpassing the £168 million raised for the HL Select UK Shares fund.
This is another record launch for HL funds, and the second biggest ever from any manager to take place on HL Vantage, showing the confidence people have in the HL fund management team and the new HL Select style of fund management and communication.
Steve Clayton, HL Select Fund Manager:
"There is a clear appetite for this new type of fund, offering a much enhanced level of fund manager communication with investors. Inflation pressures and rock-bottom interest rates mean people are increasingly looking to the markets for income."
About HL Select UK Shares Income
The HL Select UK Shares Income fund is a portfolio of high quality, dividend paying shares; chosen and managed by Steve Clayton and Charles Huggins in a single fund. The fund aims to offer an attractive, and growing, level of income, with long term capital growth potential.
The HL Select range of funds offers an exceptional level of transparency and insight giving investors an unrivalled level of communication.
Investors will receive a detailed explanation of the investment case for all of the fund’s holdings once our position has been built or, in future, sold. Investors will:
- Know what’s happened in the portfolio, when it’s happened, not months later
- Read our latest thoughts on portfolio holdings, and the market, when it matters most
- Receive straight forward portfolio performance reports, every month
*new money to the fund not necessarily new money to the HL Vantage platform