L&G Pacific Index

A fund that looks to track the performance of Asia Pacific ex-Japan equities

Overview

The fund aims to track the FTSE World Asia Pacific ex Japan Index, which is composed of mid and large sized companies in the Pacific region, including Australasia but excluding Japan. The tracker utilises a full physical replication method which means it will hold all the companies comprising the index. To make sure it is aligned with the index, it will buy up or sell down to the target weights at each date of rebalance. We like the tracker as it gives us exposure to a diverse portfolio of Pacific rim stocks and it has tracked the benchmark well historically. It is also relatively cheap with an ongoing charge of 0.19% as of January 2016.

Fund type: Asset class: Sector:
Unit Trust Equities Asia
EQ Model Portfolios currently holding this fund
Low Cost – Cautious
Low Cost – Balanced Plus

Fund Manager: Chad Rakvin

Chad has been Global Head of Index Funds at LGIM since September 2015, after joining in 2013. Prior to joining Legal & General, Chad was the Global Equity Index Director at Northern Trust, where his responsibilities included managing a diverse group of investment strategies. Chad had previous appointments with Barclays Global Investors, Dow Jones Indexes and Pennsylvania Financial Advisors and is a CFA charterholder.

Fund Group: LGIM

Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor with asset under management of £951bn (as of June 2017). L&G Investments was founded in 1970, and provide investment vehicles both active and passive across a full spectrum of asset classes including equities, fixed income, property and cash.

LGIM operates as the investment management arm of Legal & General Group, a constituent of the FTSE 100 and one of the oldest and largest insurance companies in the world, founded in 1836 as the Legal & General Life Assurance Society.