LGIM launches UK mid-cap tracker

OCF of 0.14%

LGIM launches UK mid-cap tracker

Legal & General Investment Management (LGIM) has launched an index tracker fund focused on the UK mid-cap sector.

The L&G UK Mid Cap Index fund will track the performance of the FTSE 250 ex Investment Trust index, providing exposure to medium-sized UK-listed businesses. The launch comes after the Investment Association recently revealed index funds represented 13.4% of all retail funds under management in Novermber 2016, up from 11.5% a year before. Simon Hynes, head of UK retail distribution at LGIM, said: "We are committed to offering our investors broad, low-cost exposure across a broad range of asset classes, and we are pleased to expand our market-leading range of high-quality index funds.  ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on ETFs

European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
Total funds under management have fallen on the previous year, down to £1.4trn from June 2021’s £1.5trn.

Every asset class suffers outflows in second worst month on record

Responsible investment holds up

James Baxter-Derrington
clock 04 August 2022 • 2 min read
Inflation protection drops to 14% of views, down from 17% over the previous quarter.

Advisers curb inflation protection research

UK CPI climbs to 9.4%

clock 20 July 2022 • 2 min read