The L&G Global Real Estate Dividend Index Fund tracks the performance of the FTSE EPRA/NAREIT Developed Dividend Plus Index and provides exposure to global developed market property companies and real estate investment trusts (REITs).
The ongoing fund charge (OCF) is 0. 20%.
Passive exposure
The L&G Emerging Markets Government Bond (Local Currency) Index Fund tracks the JPMorgan GBI-EM Global Diversified Local Currency Index and aims to provide passive exposure to local currency denominated emerging market debt.
The OCF is 0.35%.
The funds will be managed by the LGIM index funds team, consisting of 35 investment professionals based in London; which, as of 30 September 2015, manages £264bn ($376.4bn, €348.5bn) for both retail and institutional clients.
Both funds will be made available through all major intermediary platforms.
Looking to index funds
Honor Solomon, head of retail distribution EMEA at LGIM, said: “Advisers and wealth managers are increasingly looking to index funds as a straightforward means of consistently generating market returns across a range of asset classes whilst reducing overall portfolio costs.
“The new local currency Emerging Markets Government Bond and Global Real Estate Dividend Index Funds will provide simple, high-quality and cost-effective exposure to asset classes that have the potential to provide an attractive income and are increasingly important building blocks within diversified portfolios,” Solomon said.
