Legal & General (L&G) has announced the launch of three new index funds to bolster its proposition for UK and European investors.

These three funds will be the L&G MSCI ACWI IMI Equity Index Fund, the L&G Global Bond Multiverse Index Fund, and the Legal & General Future World Infrastructure Index Fund.

L&G said that the tailored solutions have been designed for investors looking for” better diversification”, in a market where concentration risks are a big focus.

The MSCI ACWI IMI Equity Index Fund aims to track the MSCI ACWI IMI Equity Index and provides broad exposure to large, mid, and small-cap global equities, covering approximately 99% of the global investible equity opportunity set.

L&G also stated that its Global Bond Multiverse Index Fund provides diversified exposure to global fixed income markets, going beyond the Global Aggregate index.

The Legal & General Future World Infrastructure Index Fund will invest in a wide range of listed infrastructure companies, tracking the performance of the Solactive L&G Climate Enhanced Infrastructure Index based on its proprietary Environmental (E) score, favouring those that perform well from an environmental perspective[1],on a net total return basis.

Head of UK wholesale, asset management at L&G, Ben Cherrington, said: “With concentration risk challenges for equity portfolios and pressures on inflation and bond yields, we have seen demand increase for more tailored exposures to both equity and credit markets.

“We have also witnessed an increasing investor interest in listed infrastructure, given the desire for better diversification and liquidity. We believe these three funds can offer clients custom index portfolios that satisfy these demands.”

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