LONDON, August 21, 2012 /PRNewswire/ --
We are pleased to announce that Legal & General has been awarded the S&P Capital IQ Platinum grading for nine of its index funds, more than any other UK index fund provider. This rating, the highest available, reflects that the funds have demonstrated very high standards of quality based on investment process and risk awareness.
Alastair Wainwright, Analyst at S&P Capital IQ Fund Research: "What differentiates these funds from others is the amount of qualitative work that goes into their management. Legal & General's unique process of indexation does not fit the traditional idea of passive investing, as many other index-tracker funds are highly quant-driven. The managers use skill and judgement to match or improve upon prices at which securities leave or join the index, whereas some other investment groups execute all trades at closing prices."
Frank McGarry, Sales Director of Legal & General Investments, said of the grading: "We are pleased that S&P continue to recognise the strength of the Legal & General index tracker range of funds. The Index Funds team, led by Ali Toutounchi, are experienced managers with a proven approach and long-term track record, and we are delighted to see that so many of our index funds have been awarded the top Platinum grading."
The list below highlights all the funds which achieved Platinum rating:
· Legal & General All Stocks Gilt Index Trust*
· Legal & General All Stocks Index Linked Gilt Index Trust*
· Legal & General European Index Trust
· Legal & General Global 100 Index Trust
· Legal & General International Index Trust*
· Legal & General Japan Index Trust
· Legal & General UK 100 Index Trust
· Legal & General UK Index Trust
· Legal & General US Index Trust
NOTES TO EDITORS
*These funds are not available to invest in directly through the Legal & General website
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
The value of investments and any income may fall as well as rise and is not guaranteed. Investors may get back less than they invest.
Past performance is not a guide to future performance.
Details of the specific and general risks associated with the funds mentioned are contained within the Prospectus and Key Investor Information document.
The Legal & General Group, established in 1836, is one of the UK's leading financial services companies.
As at 31 December 2011, we were responsible for investing £378 billion worldwide on behalf of investors, policyholders and shareholders. We also have over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.
SOURCE Legal & General Investments