LGIM bolsters multi-index team
Legal & General Investment Management (LGIM) has announced developments within its multi-index fund range, as the suite of five risk-targeted funds surpasses £500m (€710bn) in assets.
Andrzej Pioch (pictured), who joined LGIM’s multi-asset team in July 2014, has been promoted to co-fund manager to bolster the team’s capabilities as demand for the range increases. He will work alongside lead manager Justin Onuekwusi.
At the same time, LGIM has harmonised its charges across the multi-index fund range. LGIM has reduced the fund management fee for the Multi Index 4, 6 and 7 funds from 0.32% to 0.31%, bringing them in line with those of the Multi-Index 3 and 5 funds.
Pioch joined LGIM’s multi-asset team in July 2014 as a fund manager from Aviva Investors, where he was responsible for developing long-term return and risk assumptions across major asset classes, providing advice on dynamic strategic asset allocation of multi-asset portfolios and managing a range of retail income funds and peer-aware multi-asset funds. He joins Bruce White and Martin Dietz as the third co-manager to Justin Onuekwusi on this fund range.
The aim of the L&G Multi-Index 3, 4, 5, 6, 7 funds is to generate capital growth whilst keeping within a pre-determined risk profile. The funds gain exposure to UK and international equities and bonds by investing primarily in LGIM’s index tracking funds, and to UK property through the L&G UK Property Trust. The asset allocation of the funds is dynamically managed using the investment resources of the 33-strong asset allocation team at LGIM, which manages over £30bn (€42.6bn) in multi-asset funds.
Justin Onuekwusi, lead fund manager on LGIM’s multi-index fund range said: “Andrzej and I have worked together for many years. The excellent support he has provided to the fund range since he joined has been a key part of its success, and I’m confident this will continue within his new role as co-manager.”