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Legal & General European Index Inclusive - Class R - Accumulation (GBP)

Sell:428.00p Buy:428.00p Change: 7.10p (1.69%)
Prices as at 11 August 2020
Sell:428.00p
Buy:428.00p
Change: 7.10p (1.69%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 11 August 2020
Sell:428.00p
Buy:428.00p
Change: 7.10p (1.69%)
Prices as at 11 August 2020
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

We think this is a great choice for a European tracker fund. It offers a straightforward way to invest in companies from across the continent and we think Legal & General is one of the best tracker fund managers around. It's also one of the lowest-cost ways to invest in Europe.

Our view on the sector

Europe has been blighted by political issues in recent years. And some European economies are struggling with high levels of debt and unemployment. But it's important to disconnect a region's economic prospects from its stock market prospects. Europe is home to lots of successful businesses that make money across the globe - from the US to high-growth areas like Asia and emerging markets. That means their prospects aren't heavily reliant on Europe's economy. Some investors have overlooked the region in recent years. But we think Europe is a great place to invest for the long term and there are plenty of high quality fund managers to choose from.

Performance Analysis

This fund aims to track the performance of the broader European stock market. Since launch it's tracked the index closely. The fund's charges are competitively low, though performance will always be slightly behind the index because of these costs.

Investment Philosophy

Tracker funds are one of the simplest ways to invest. They aim to match the performance of an index, rather than beat it. They usually do this by investing in every company in the index. This means they don't need analysts to research individual companies, which keeps costs to a minimum. If the fund's costs are low it's likely to track the index more closely.

Process and Portfolio Construction

This fund invests in every company in the FTSE World Europe ex UK Index and in the same proportion. This is called full replication and could help the fund track the performance of the index closely. Legal & General is a fairly conservative tracker fund manager and they don't lend investments like some others do. They look for other opportunities to reduce costs though, like when they rebalance the fund to match the index, or by reinvesting dividends.

question mark Manager Track Record Based on HL Quantitative Research

  • Legal & General European Index I...
  • FTSE World Europe ex UK TR GBP
FROM: TO:


Fund Track Record

11/08/15 to 11/08/16 11/08/16 to 11/08/17 11/08/17 to 11/08/18 11/08/18 to 11/08/19 11/08/19 to 11/08/20
Annual return 8.07% 21.81% 2.95% 3.58% -0.47%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Originally a life insurance company, Legal & General have been involved in managing investors' money since 1836. They are now one of the UK's largest investment and insurance companies. They have a prominence in managing tracker funds- with over a dozen funds and many more investments managed on behalf of institutions and pension funds.

Information about the fund

Fund manager biography

manager photo
Manager Name: LGIM Index Fund Management Team
Manager start date: 30 September 2013
Manager located in: London

The Index Fund Management Team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The Team has average industry experience of 15 years, of which seven ears has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account