LGIM launches multi-asset range
Legal & General Investment Management (LGIM) today announced the launch of its Multi-Index Income range, consisting of three risk-targeted multi-asset funds.
The L&G Multi-Index Income Funds offer exposure to equities, bonds and direct property with an asset allocation bias towards income producing assets.
The lowest risk profile Fund, Multi-Index Income 4 Fund, will look to produce a greater proportion of its income from sources such as fixed income, whereas the higher risk profile funds, Multi-Index Income 5 and 6 Funds, will generate a greater proportion of their income from equities.
The L&G Multi-Index Income Fund range will be managed by the same team as the L&G Multi-Index range, with lead fund managers being Justin Onuekwusi and Andrzej Pioch, working alongside co-managers Bruce White and Martin Dietz.
The asset allocation of the Funds is managed using the investment resources of the 32-strong asset allocation team at LGIM, which manages over £30 billion in multi-asset funds.
Justin Onuekwusi (pictured), lead fund manager for the L&G Multi-Index Income Fund range said: “Rather than maximising income, we believe the focus should be on maximising total return for a given level of risk. Therefore, our Multi-Index Income funds do not target a specific yield, but bias sources of total return towards income producing assets while maintaining the suitability of risk profiles.”