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Legal & General International Index Trust Class C - Income (GBP)

Sell:198.30p Buy:198.30p Change: 1.00p (0.51%)
Prices as at 23 July 2024
Change: 1.00p (0.51%)
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 23 July 2024
Change: 1.00p (0.51%)
Prices as at 23 July 2024
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 Legal & General's global tracker fund is one of the best ways to invest in a broad range of companies from around the world. It's a simple and low-cost approach, aiming to mirror the performance of the global stock market. It invests in thousands of companies, mainly from the US and other developed countries but not in the UK.

Our view on the sector

It's natural for UK investors to focus on funds investing in their home market. But as the world has become more connected, so has the investment landscape. There are lots of funds investing across the globe, and these can be a great way to diversify an investment portfolio. Funds in the global sector can invest anywhere in the world. But they go about this in different ways. They vary in how much they can invest in certain types of companies, sectors, countries, or regions. Some focus on developed markets or large multinational corporations, while others invest more in higher-risk emerging markets or smaller companies. Some target companies with higher-growth expectations and others search for unloved companies with the potential to recover.

Performance Analysis

The fund's tracked its index very closely since it launched. That's because its charges are low, and lower fees hold back performance less than higher ones. Because of the charges, however, the fund's performance will typically be slightly behind the index. On occasion it has ended up slightly ahead of the index due to the strategies used by the team, although this won't necessarily happen in future and isn't an aim of the fund.

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

Legal & General is one of the largest and best resourced tracker fund managers in the UK. This fund invests in a 'basket' of companies that represent the majority of the index. They prefer to invest in all the companies in the index, however this is not always possible because it's difficult to buy and sell the smallest companies quickly or at low cost, and this could ultimately impact performance The fund invests predominantly in the US but also diversifies into other developed and advanced, although still higher-risk, emerging markets. If the index changes and they have to buy and sell companies to follow suit, they'll often look for opportunities to reduce costs. The team can use derivatives to manage the smaller positions which can increase risk, although these usually form a very small part of the portfolio.

question mark Manager Track Record Based on HL Quantitative Research

  • Legal & General International...
  • FTSE World ex UK TR GBP

Source: Refinitiv Lipper

Fund Track Record

23/07/19 to 23/07/20 23/07/20 to 23/07/21 23/07/21 to 23/07/22 23/07/22 to 23/07/23 23/07/23 to 23/07/24
Annual return 5.98% 23.50% 0.34% 8.60% 19.58%

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.

Legal & General are one of the best resourced teams in tracker fund management- with over 50 managers, analysts and traders. They have a conservative approach to funds with the scale to keep costs low for investors.

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 years 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