Hargreaves Lansdown is to exclude a second top-performing global fund from its controversial Wealth 50 list.
The Lindsell Train Global Equity fund will be dropped from the list at the end of this month amid concern about a conflict of interest.
In a note to clients, issued on Friday, Hargreaves said the Lindsell Train UK Equity will also be removed at the end of the month.
Hargreaves, the leading investment platform, was criticised for failing to include the Fundsmith Equity fund — another top global fund — in the Wealth 50 list when it was launched in January. At the time, the platform justified its decision by saying that Lindsell Train Global Equity had better performance and cheaper fees.
Unlike Lindsell Train, Fundsmith refused to