Legal & General Investment has launched a risk-targeted multi-asset fund range designed to support the way advisers are working with their clients.
The five new funds 'Legal & General Multi-Index 3,4,5,6,7' draw on expertise in index tracking, dynamic asset allocation and are low-cost.
They gain exposure to UK and international equities and bonds via L&G's index tracking fund and to UK property through the L&G UK property trust. The funds have an annual management charge of 0.25 per cent.
Each of L&G Multi-Index funds correspond with a specific risk rating and have been designed to maintain that rating over time.
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Simon Pistell, managing director, Legal & General Investments said: "Many UK advisers are looking for low-cost investment solutions that are easy to match to their clients' risk profile. They want to reduce their focus on monitoring the fund universe and rebalancing portfolios and add value to other parts of the advice and investment process instead. At the same time, investors are looking for simple and effective ways to save and invest for the future.
"Risk-targeted multi-asset funds are ideal for this environment. We've designed our range to be easy to monitor, low in cost and to fit the way advisers are working with their clients today."

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