Legal & General Investment Management expands market leading index funds range
Legal & General Investment Management (LGIM), one of the largest index managers in the UK, announces today the launch of the Legal & General Global Real Estate Dividend Index Fund, and the imminent launch of the Legal & General Emerging Markets Government Bond (Local Currency) Index Fund.
The Legal & General Global Real Estate Dividend Index Fund tracks the performance of the FTSE EPRA/NAREIT Developed Dividend Plus Index and provides exposure to global developed market property companies and Real Estate Investment Trusts. The Ongoing Fund Charge (OCF) is 0. 20%.
The Legal & General Emerging Markets Government Bond (Local Currency) Index Fund tracks the JPMorgan GBI-EM Global Diversified Local Currency Index and aims to provide passive exposure to local currency denominated emerging market debt. The OCF is 0.35%.
The Funds will be managed by the LGIM Index Funds Team. The team consists of 35 investment professionals based in London and manages £264billion for both retail and institutional clients.* Both Funds will be made available through all major intermediary platforms.
Honor Solomon, Head of Retail Distribution EMEA at LGIM (photo, above), said: “Advisers and wealth managers are increasingly looking to index funds as a straightforward means of consistently generating market returns across a range of asset classes whilst reducing overall portfolio costs.
“At LGIM we are committed to developing our award-winning retail index fund range. Our priority is to work in partnership with our clients and leverage LGIM’s scale and indexing expertise to launch products that meet their evolving investment needs.
“The new local currency Emerging Markets Government Bond and Global Real Estate Dividend Index Funds will provide simple, high-quality and cost-effective exposure to asset classes that have the potential to provide an attractive income and are increasingly important building blocks within diversified portfolios.”
*as at 30 Sept 2015.
For more information please contact:
PR manager, Legal & General Group
t: +44 (0) 20 3124 2092
Legal & General Investment Management Limited
Registered Office: One Coleman Street London EC2R 5AA
Registered in England No 02091894
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. The funds mentioned above are provided by Legal & General (Unit Trust Managers) Limited.
|Fund||On-going Charges Figure, I-Class **|
|Legal & General Global Real Estate Dividend Index Fund||0.20%|
|Legal & General Emerging Markets Government Bond
(Local Currency) Index Fund
**,Estimates at launch
LEGAL & GENERAL INVESTMENT MANAGEMENT:
Legal & General Investment Management (LGIM) is the investment manager to the Funds and one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £717 billion in total assets for more than 3,000 clients***. Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
***As at 30 September 2015; total assets include assets under management and notional derivative positions.