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Legal & General Global Inflation Lnk Bond Indx Class C - Accumulation (GBP)

Sell:63.96p Buy:63.96p Change: 0.09p (0.14%)
Prices as at 27 August 2025
Sell:63.96p
Buy:63.96p
Change: 0.09p (0.14%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 27 August 2025
Sell:63.96p
Buy:63.96p
Change: 0.09p (0.14%)
Prices as at 27 August 2025
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
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 does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

This funds invests in a range of inflation-linked bonds issued by governments all over the world, excluding the UK. Inflation-linked bonds are designed to help shelter investors from the risk of price increases and should retain their real value over time.

The fund could be a low-cost option for portfolios seeking shelter from the risk of inflation over the long term. However over shorter time periods the performance of this fund can be very different to rates of inflation. We think it could be a good addition to a more conservative investment portfolio or could diversify one that’s focused on shares or corporate bonds.

Our view on the sector

Funds in this sector can invest in government and corporate bonds issued globally. And they can often be denominated in overseas currencies. Foreign currencies boost performance if sterling weakens, like it did after the UK voted to leave the European Union in 2016, but the reverse is true when sterling strengthens. These funds can be very different from each other. Some focus on generating income, others try to shelter investors' money during the bad times and might not generate any income. We think there are only a handful of investors with the skill to successfully manage a fund in this sector.

Performance Analysis

Since the fund launched in 2013, it’s tracked its benchmark well. As expected of index funds, it’s fallen behind the benchmark over the long term because of the costs involved in running the fund. However, the management tools used by the team have helped to keep performance tight to the index.

The team uses currency hedging to convert overseas currency bonds back to sterling. By hedging, investors could experience less extreme price movements over time, which could help smooth potential returns. Although currency hedging can be expensive and is done through derivatives which adds risk.

Inflation-linked bonds are sensitive to changes in inflation rates in the countries in which they are issued. Their values may fall when inflation rates fall, as the shelter they provide becomes less attractive. That said, expectations about longer-term rates of inflation and interest rates can have a bigger impact on today’s prices, compared to current rates of inflation. The fund can therefore perform differently in the short term.

Investment Philosophy

Tracker funds are one of the simplest ways to invest. The fund aims to match the performance of an index, rather than beat it. Factors like withholding taxes, dealing commissions and spreads, and the cost of running the fund all drag on performance. The team work out the best way to match the performance of the index while keeping costs to a minimum. If the fund's costs are low, it's likely to track the index more closely over time.

Process and Portfolio Construction

This fund tracks the Bloomberg World Government Ex UK Inflation Linked Bonds Index by investing in every bond in the index and in the same proportion. This is known as full replication and helps the fund to closely match the performance of the index. It may invest more than 35% in bonds issued by a single government.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

27/08/20 to 27/08/21 27/08/21 to 27/08/22 27/08/22 to 27/08/23 27/08/23 to 27/08/24 27/08/24 to 27/08/25
Annual return 5.64% -3.83% -5.44% 5.72% 3.55%

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.

Information about the fund

Fund manager biography

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
Invest now