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L&G tracking fund offers links to 100 global companies

Legal & General has set up a tracking fund, the global 100 index trust, giving investors exposure to 100 of the biggest international companies.

It says with forecasters, including the G7 economic intelligence unit, predicting growth in some of the world&#39s major markets over the next five years, global companies could be the right sector to invest in for the future.

The fund, which opens on November 22, will track the Standard & Poor&#39s Global 100 index made up of companies operating on a worldwide basis, including BP and Johnson & Johnson. Investments can be either a lump sum of £500 or regular contributions of £25 a month or more.

L&G says it offers investors global equity exposure at low cost with no initial charges or exit fees and an annual management charge of only 1 per cent. The fund is also available as an Isa and is suitable for Pep transfers. Commission is 1 per cent on any lump sums and 0.75 per cent on each regular contribution.

Retail investments marketing director Claire Stracey says: “Many retail investors continue to appreciate the value of index trackers in a low interest rate, low return world. The trust will enable them to invest in 100 of the largest global companies.”

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