LGIM launches RE and EM index funds

Legal & General Investment Management (LGIM) has launched the Legal & General Global Real Estate Dividend Index fund.

The UK based asset manager also said it is going to launch the Legal & General Emerging Markets Government Bond (Local Currency) Index fund soon.

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, which consists of 35 investment professionals based in London and manages £264bn (€348bn) 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, 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.”

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