UK-based Legal & General Investment Management (LGIM) has rolled out two new index funds namely the Legal & General Global Real Estate Dividend Index Fund as well as the Legal & General Emerging Markets Government Bond (Local Currency) Index Fund.

Managed by the LGIM Index Funds Team, the Global Real Estate Dividend Index Fund and the Local Currency Index Fund will have ongoing fund charge (OCF) of 0. 2% and 0.35% respectively.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The LGIM team comprises 35 investment staff based in London and manages £264bn for both retail and institutional clients. The new funds will be offered through all major intermediary platforms.

The Real Estate Dividend Index Fund aims to track the performance of the FTSE EPRA/NAREIT Developed Dividend Plus Index and will invest in global developed market property companies and Real Estate Investment Trusts.

The local currency Emerging Markets Government Bond will track the JPMorgan GBI-EM Global Diversified Local Currency Index and offer passive exposure to local currency denominated emerging market debt.

LGIM head of retail distribution EMEA Honor Solomon 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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"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."