A pair of Legal & General’s funds have been red flagged for failing to deliver value to investors.
In the company's latest Assessment of Value (AoV) report, it flagged up just two funds for their poor performance: the L&G Future World Sustainable European Equity Focus and L&G Future World Sustainable UK Equity Focus funds. Both mandates have underperformed their respective benchmarks by around 10% across all share classes over a three-year period, according to the report. Legal and General's asset management arm sees AUM drop by 4% while private markets platform grows The L&G Future World Sustainable European Equity Focus fund's substandard returns were attributed to its conce...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
