Alternative Investments/AI: A New ‘Fund Of Thematic Funds’ From LGIM

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The new fund will invest in eight separate themes that shape the future of our environment, work, and society.

The Legal & General Global Thematic Fund, a new launch from Legal & General Investment Management (LGIM), addresses UK investors and their demand for access to multiple themes. The innovation-focused fund is a bouquet of eight themes in the areas of technology, energy and resources, and changing demographics. (Legal & General Group)

Legal & General Global Thematic Fund

The investible themes are separately available as “building-block” ETFs from LGIM. The themes are summarized in the table below (Source LGIM):

These stocks are drawn from a universe of over 400 stocks. Further, the underlying thematic strategies invest in unique stocks not typically captured by traditional market-cap-weighted benchmarks.

The Fund, therefore, allows investors to complement their existing investments with exposure to a wider range of growth-oriented companies.

The rise and rise of thematic investing

“Thematic investing has risen in popularity in recent years, thanks to its ability to capitalize on the structural and foundational changes shaping our society,” said James Crossley, LGIM’s Head of UK Retail Sales.

“However, we often hear from clients about the challenges of accessing ETFs and having to choose between specific investment themes, and in designing the Global Thematic Fund, we wanted to make that decision easier.”

“By providing a single point of entry to a diversified universe of companies, the fund offers investors access to a broad range of growth opportunities. We believe it to be an attractive proposition for advisers seeking differentiated investment ideas for clients and a unique and cost-effective way to invest in the themes that are shaping the future of our environment, work, and society.”

The fund will be managed by Dave Barron, head of index equity and smart beta at LGIM and is benchmarked against the MSCI World Total Return Net index.

Related Story:       BMO Launches 11 New ‘Megatrend’ ETFs                                           

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