Legal & General Investments has launched a range of five risk targeted multi-asset funds with an AMC of just 0.25%, as it looks to benefit from the move by advisers to outsource fund selection.
The L&G Multi-Index 3, 4, 5, 6 and 7 funds will be run by an 18-strong investment team, with the launch coming just months after the group poached Aviva Investors' multi-asset manager Justin Onuekwusi....
Joe McDonnell joins as head of portfolio solutions (EMEA)
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Changing fund structure