Assessment of Value: Legal & General UK Alpha Trust performed 'well below' target

Fees reduced on 18 funds

James Baxter-Derrington
L&G's Ethical Trust will also face adjustments as a result of the assessment of value

L&G's Ethical Trust will also face adjustments as a result of the assessment of value

All but one of Legal & General’s 77 funds have been found to deliver value, according to the group’s Assessment of Value (AoV) report, which singled out Legal & General UK Alpha trust as the sole underperformer.

Managed by Rod Oscroft and Simon Reid, the fund will be subject to a "comprehensive review" in order to "identify an action plan to improve the fund's ability to deliver value", having delivered a performance "well below" its outperformance target over the assessment period. Board determines 'good value' on all HL multi-manager funds An investor would have achieved better returns by investing in the LF Equity Income fund, formerly managed by Neil Woodford, from inception. Despite its high-profile suspension and winding up over the course of 2019, the fund would have delivered inves...

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 Funds

Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Liontrust Asset Management chief executive John Ions urged for long-term focus amid short-term volatility

Liontrust boasts 41% revenue increase in face of 'challenging period short term'

Majedie acquisition added £5.2bn value

clock 22 June 2022 • 2 min read