LG register SICAV funds for German

Legal & General Investment Managers has registered its SICAV funds for distribution in Germany for the first time.

LG register SICAV funds for German


The company said it will continue to develop “new and innovative” investment strategies to include in the German SICAV.

Marion Stommel-Hatzidimoulas, head of European distribution at the company, said the registration complements the company’s established product range in Germany.

“German investors have shown a keen interest in our flagship active fixed income capabilities – particularly our Euro Credit strategy – which are now also available in a SICAV vehicle,” he said.

Chief executive Mark Zinkula added: “As client needs continue to change and evolve, we are confident that we can offer outstanding investment solutions to German investors.”

Amongst the funds, which were registered on 3 July, is the L&G Euro Corporate Bond Fund.

The fund, which was launched in November 2013 as a UCITS compliant SICAV fund, currently has a size of €313m and invests predominantly in a variety of euro dominated fixed interest instrument such as corporate bonds, other fixed or floating-rate debt securities and short-term debt securities.

It is designed for investors seeking a broad European investment grade credit strategy with the flexibility to invest in global markets to improve diversification and enhance returns.

In May, the company completed its acquisition of the business arm of Global Index Advisors.

The acquisition came after the company received fund shareholder approval from the $16bn (€11.7bn £9.5bn) Wells Fargo Advantage Dow Jones Target Date Funds.

LGIM said the acquisition will provide scale and distribution in the $6trn US defined contribution market, allowing it to build on its liability driven investment and active fixed income capabilities.



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