09 April 2018

LGIM launches first listed infrastructure UK UCITS index fund

Legal & General Investment Management (LGIM) has today announced the launch of the Legal & General Global Infrastructure Index Fund (‘the Fund’), a UCITS compliant Unit Trust.

The Fund provides an opportunity to invest in global listed infrastructure in a cost effective and liquid index solution, and aims to offer both income and capital growth to investors by tracking the performance of the FTSE Global Core Infrastructure Index.
 
The Legal & General Global Infrastructure Index Fund comprises over 200 index constituent holdings from over 30 countries, providing a broad exposure to listed companies that own, operate, manage or maintain essential infrastructure across a range of sectors, including utilities, industrials, and oil and gas.
 
Honor Solomon, Head of Retail, EMEA, at LGIM, commented: “Infrastructure assets such as roads, railways and pipelines are essential for our economies to function. An attractive combination of capital growth and a stable income stream, in many cases linked to inflation, has meant listed infrastructure has become increasingly popular with investors.

“This fund builds on our commitment to provide high-quality exposure across a broad range of asset classes which advisers and investors can use as building blocks for constructing portfolios. Given its modest correlation with traditional asset classes such as equities, credit, and government bonds, listed infrastructure can also be a useful diversifier.”
 
Justin Onuekwusi, multi-asset fund manager at LGIM continued: “Listed infrastructure is an important asset class in a multi-asset portfolio. Over the long-term, it has delivered attractive risk-adjusted returns, which complements a diversified portfolio. Together with its attractive yield and defensive characteristics, the asset class is a mainstay holding across our £45 billion multi-asset fund range.”

ENDS

Further information

Nicolette Botbol
Media Relations Manager
0203 124 4355
[email protected]
www.lgim.com

Michelle MacMillan
Senior PR Consultant
0203 124 4895
[email protected]
www.lgim.com

Notes to editors

The Legal & General Global Infrastructure Index Fund has an Ongoing Charges Figure (OCF) of 0.30% for I class investors. The fund will also be made available through all major intermediary platforms LGIM has managed index funds for over 30 years and is committed to offering low-cost, high-quality solutions. LGIM is one of the world’s largest index providers, managing over £340 billion in index funds*.

*as at 31 December 2017

Legal & General Investment Management:

Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets of £951.1 billion**. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.

Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

The value of investments is not guaranteed and can fall as well as rise.


**LGIM internal data as at 31 December 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.