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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