LGIM launches emerging markets tracker product

Legal & General Investment Managers has launched an emerging markets tracker fund for Robert Dowling.

The Global Emerging Markets Index fund, which made its debut on 29 October, tracks the FTSE All-World Emerging index, and has the ability to invest in stocks which are expected to become part of the index. The fund can also hold derivatives for portfolio management purposes. Seeded with £30m and currently yielding 1.17%, the fund sits in the IMA Global Emerging Markets sector. The Ucits fund has a minimum investment of £500, an AMC of 0.65% and an estimated TER of 0.99%. Dowling, who joined the LGIM index fund team in April, ensures larger and medium-sized stocks replicate their in...