UK-based Legal & General Investments (LGIM) has launched a range of five multi-asset, risk-targeted funds that invest mainly in passive index trackers.
The risk-targeted suite will offer funds diversified by asset class that are also low-cost.
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The L&G’s multi index funds, numbered between three and seven will offer exposure to UK and international equities and bonds through the firm’s trackers, while exposure to property comes through £833 million L&G UK Property Trust run by Michael Barrie and Matt Jarvis.
The funds will have an AMC of 0.25% and the asset allocation will be managed by L&G’s strategic investment and risk management team.
LGI’s managing director Simon Pistell said: "Many UK advisers are looking for low-cost investment solutions that are easy to match to their clients’ risk profile. They want to reduce their focus on monitoring the fund universe and rebalancing portfolios and add value to other parts of the advice and investment process instead.
"Risk-targeted multi-asset funds are ideal for this environment. We’ve designed our range to be easy to monitor, low in cost and to fit the way advisers are working with their clients today," he added.
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By GlobalDataLGI’s chief Nigel Wilson said: "The new funds range is geared towards wealth advisers searching to access equities, bonds and direct property, all within a single vehicle matched to client’s appetite for risk.
