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

Fees reduced on 18 funds

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

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