Legal&General Investments launches risk targeted multi asset fund range
L&G Investments has unveiled Multi-Index range, a suite of five risk-targeted multi-asset funds diversified by asset class.
Multi-Index range targets low costs and is designed to support the way UK financial advisers are working with their clients today, L&GI said.
L&G Multi-Index 3, 4, 5, 6 and 7 funds offer exposure to equities, bonds and direct property. The funds gain exposure to UK and international equities and bonds by investing in L&G’s index tracking funds and to UK property through the L&G UK Property Trust.
They offer instant asset class diversification without the need to monitor and rebalance multiple individual funds. The funds have an annual management charge of just 0.25% (I unit class) and by leveraging its in-house product range overall fees are kept low.
Each of the L&G Multi Index Funds corresponds to a specific risk rating and has been designed to maintain that risk rating over time. L&G’s Strategic Investment and Risk Management team will dynamically manage the funds’ asset allocation mix on an ongoing basis whilst ensuring the funds stay within the target risk profiles.
L&G use data from Distribution Technology, an independent agency, to set the asset allocation for each risk profile, giving advisers and investors greater predictability of the fund risk profile.
Simon Pistell, managing director, Legal & General Investments 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. At the same time, investors are looking for simple and effective ways to save and invest for the future.”