What’s New In Investments, Funds? – LGIM, Wealth Club

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Legal & General Investment Management


Legal & General Investment Management (LGIM) has just
launched three new active fixed income funds to complement its
existing global high yield offering.

The newly-launched L&G Euro High Yield Fund, L&G US
High Yield Fund, and L&G Emerging Markets High Yield Bond
Fund will employ the macro driven investment approach that has
been embedded within LGIM’s Global High Yield Bond fund over the
past 12 years, the firm said in a statement.

The new funds will focus on the higher quality segment
of the investment grade market, the firm continued. The
funds, which will be available to investors in Germany,
Luxembourg and the UK, with registrations in additional markets
expected shortly, will be managed by LGIM’s global high yield
team led by Martin Reeves.

Alongside the new funds, LGIM said it has added additional share
classes to funds in its Luxembourg-domiciled
range. Twenty-seven new share classes are being added across
18 sub-funds to provide a more consistent offering for
clients. LGIM has also implemented a number of fee
reductions, with annual management charge (AMC) amendments
applicable to 26 share classes across 18 SICAV sub-funds. These
changes are in response to growing investor demand and seek
to deliver value, the firm added.

Wealth Club

Wealth Club
has launched its new Wealth Club Portfolio Service – an
online investment portfolio management service for high net worth
and sophisticated investors.

The service consists of five multi-asset portfolios managed by
Wealth Club’s head of research, Jonathan Moyes and his team, the
firm said in a statement. There will be investment across a range
of asset classes including bonds, equities, property,
infrastructure and private equity, with a blend of passive and
actively managed funds, as well as investment trusts.

Average costs, including management, platform and ongoing fund
charges, reach 1.08 per cent, for a minimum investment of
£100,000 ($126,000) across all portfolios, the firm added. As a
result, Wealth Club estimates that investors could save up to 40
per cent versus a conventional wealth manager giving
advice, and a similar saving for an investor managing a
typical fund portfolio themselves on a DIY platform.

“Investors can typically expect each portfolio to be invested
across 30 to 45 funds,” Jonathan Moyes, head of research and
manager of the Wealth Club Portfolios, said.