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Legal & General European Index Fund: Addition to Core Tracker list

Adam Laird | Tue 13 January 2015

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

The Legal & General European Index Fund has been added to the Core Tracker list, our favourite tracker funds across the main sectors at the lowest prices.

We believe Europe is an important market for investment. It has been a difficult period for European economies, which have struggled with European debt, currency weakness and political disruptions. In spite of this, European stock markets have grown strongly in the last three years. The region contains many strong global businesses with good international prospects and remains a key core region for investment.

Legal & General's fund is a low cost way to passively invest in European companies. It tracks the FTSE World Europe ex-UK Index. It covers over 400 stocks from across Europe, excluding the UK.

Percentage growth of the Legal & General European Index Fund over five years

Past performance is not a guide to future returns. Source: Lipper IM to 02/01/2015*. Class C units of Legal & General European Index fund were recently launched in late 2013. We have therefore shown the performance of the Class I units of Legal & General European Index (Ongoing Charge currently 0.12%).

Annual percentage growth
Jan 10 -
Jan 11
Jan 11 -
Jan 12
Jan 12 -
Jan 13
Jan 13 -
Jan 14
Jan 14 -
Jan 15
Legal & General European Index (C) N/A N/A N/A N/A 1.85%
Legal & General European Index (I) 6.02% -14.97% 16.62% 21.97% 1.56%

Past performance is not a guide to future returns.

Legal & General is one of our favourite managers of tracker funds and seven other funds in this range are currently represented on our Core Tracker list. Their funds are managed conservatively: this is fully physically replicated, meaning that it holds every stock in the index, allowing it to track precisely. Legal & General never lend stock, which can add risk to other funds. They do however try to be innovative in trading - for example Legal & General often look for opportunities to reduce costs when rebalancing the index or reinvesting dividends. Notably, their European fund has a 25 year track record, having been launched in 1989.

We have negotiated with Legal & General to reduce the costs on this fund. Legal & General cut charges on a number of their funds in November 2014 and the Class C units are available to our clients with a discounted annual ongoing charge of just 0.09%. There is also a 0.45% annual charge to hold funds with the Vantage Service. Find out more about charges.

The Core Tracker list contains our favourite tracker funds for new investment. Investors wishing to direct new money into a tracker fund may wish to refer to the Core Tracker list for our favourite funds.

Find out more about this fund including how to invest

Please read the key features/key investor information document in addition to the information above.

The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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