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L&G may open up institutional trackers

Legal & General managing director of unit trusts Simon Ellis says the firm is considering making some of its institutional fixed-income tracker funds available to retail investors.

He says: “We already have a lot of index trackers on the pension side and we need to work out which ones are interesting to retail investors.

“We have institutional fixed income funds such as the £151m UK index-linked gilts fund and the £1.1bn all-stocks gilt fund. Are there opportunities in fixed income to make them available to retail investors? Yes, and we are considering that. There are very few of them in the UK.”

Access Wealth Management partner Jim Clancy says: “A lot of people will not bother going into active fund management when they can get the same returns from passive funds. L&G has realised that and I think a move to make more fixed-income tracker funds available to retail investors makes sense.”

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  1. These funds have been available to retail investors for many years via transparent wraps such as Transact. As a result, our retail clients have been benefiting from their low charges since 2004.

    Only clients whose adviser’s use restricted fund supermarkets and legacy life products have been excluded from these useful funds.

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