LGIM rebrands Ethical Trust by switching to global SRI focus

Renamed product to track MSCI World SRI index

David Brenchley
The renamed fund will continue to have an ethical focus

The renamed fund will continue to have an ethical focus

Legal & General Investment Management (LGIM) will rename its L&G Ethical Trust and switch its benchmark to give the passive vehicle a global equity remit.

The fund will be renamed the Legal & General MSCI World Socially Responsible Investment Index fund and track the MSCI World SRI index, as of today (28 January). LGIM told Investment Week it had considered alternative ways to manage the fund to better meet its ethical mandate, having identified the problem in its assessment of value. The £292.5m fund formerly tracked the FTSE 350 index, excluding shares of companies that do not meet the ethical screening methodology detailed in its prospectus. In its April AoV, LGIM noted that the FTSE 350 held a number of companies excluded by the fun...

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

The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.

Franklin Templeton launches Catholic EM sovereign debt ETF

Article 8 ETF for European investors

clock 28 June 2022 • 1 min read
London Climate Action Week: The most practical solutions

London Climate Action Week: The most practical solutions

What are managers doing?

Investment Week
clock 27 June 2022 • 1 min read
Kimberley Lewis, head of active ownership at Schroders

Schroders: Why we are against Sainsbury's being forced to become Living Wage-accredited

AGM on 7 July

Kimberley Lewis
clock 27 June 2022 • 4 min read