An exchange traded fund launched by L&G aims to give investors access to institutional-level investment strategies in a cost-effective way.
The L&G WTW Global Equity Diversified UCITS ETF provides exposure to the WTW Global Equity Diversified Index, a custom index built by MSCI.
David Barron, global head of index and ETFs at L&G Asset Management, said: “Providing access to highly sophisticated and cost-effective investment strategies is an important part of L&G’s global asset management offering, having been an early pioneer of index investing. We have a great relationship with the team at WTW with a history of ongoing successful collaborations.
“We’re thrilled to launch this ETF – its innovative approach is already used across several existing L&G funds in institutional assets.
“The ETF wrapper, which provides easy access, transparency and liquidity, will aim to enable a broader group of investors with the opportunity to invest in this strategy.”
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The launch adds to L&G’s ETF range and the approach is already used to manage $25bn (£18.6bn) across three funds for institutional clients.
Last year L&G’s total ETF assets under management rose by around 50 per cent.
Sarah Hopkins, head of equity solutions at WTW, added: “Through our partnership with L&G and MSCI, this ETF extends a disciplined, diversified multi factor approach to investors, offering a transparent, liquid and cost-efficient way to access a core equity building block.”
tara.o’connor@ft.com
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