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 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
