Latest investment and fund information? – LGIM, Wealth Club

Latest news about investment products, financial products and other services for wealth advisors and their clients.

Legal and general investment management
Legal & General Investment Management (LGIM) has just launched three new active bond funds to complement its existing global high-yield products.

The newly established L&G Euro High Yield Fund, L&G US High Yield Fund and L&G Emerging Markets High Yield Bond Fund will join LGIM’s Global High Yield Bond Fund for the past 12 years. The company said it will adopt a macro-led investment approach that has been incorporated over the years. said in a statement.

The new fund will focus on higher quality segments of the investment grade market, the company continued. The fund is available to investors in Germany, Luxembourg and the UK, with additional markets to be registered soon, and will be managed by LGIM’s global high yield team led by Martin Reeves.

In addition to the new funds, LGIM said it has added additional share classes to its Luxembourg-based funds. 27 new share classes will be added across 18 sub-funds to provide a more consistent service to customers. LGIM has also implemented a number of fee reductions with amendments to the Annual Management Charge (AMC) applicable to 26 share classes across 18 SICAV sub-funds. The company added that these changes are in response to growing investor demand and aim to deliver value.

wealth club
Wealth Club has launched its new Wealth Club Portfolio Service, an online investment portfolio management service for high net worth and sophisticated investors.

The service is comprised of five multi-asset portfolios managed by Wealth Club head of research Jonathan Moyes and his team, the company said in a statement. Investments are made across a wide range of asset classes, including mutual funds as well as fixed income, equities, real estate, infrastructure and private equity, with a mix of passively and actively managed funds.

Average costs, including management fees, platform fees and ongoing fund fees, amount to 1.08% for a minimum investment of £100,000 ($126,000) across all portfolios, the company added. As a result, Wealth Club offers investors the ability to save up to 40% compared to traditional wealth managers providing advice and the ability to invest by managing a portfolio of popular funds yourself on a DIY platform. We estimate similar savings can be made at home.

“Investors can typically expect each portfolio to be invested across 30 to 45 funds,” said Jonathan Moyes, Head of Research and Wealth Club Portfolio Manager.