L&G Sterling Corporate Bond Index

A fund that looks to track the performance of Sterling corporate bonds of investment grade quality.

The fund aims to track the Markit iBoxx Sterling Non-Gilts ex BBB Index, which contains sterling-denominated corporate bonds with credit ratings of A or higher, with up to 5% in gilts. The tracker will hold 70-100% of the bonds in the index rather than full physical replication due to liquidity issues, the fund will utilise a variety of optimisation techniques to deliver the return characteristics of the reference benchmark. We like the tracker as it gives us exposure to a diverse portfolio of liquid bonds through the universe and it has tracked the benchmark well historically.

Fund type UK OEIC
Asset class Bonds
Sector Corporate Credit - IG
Managed by Chad Rakvin
Held in EQ PortfoliosLow Cost Adventurous Plus
Low Cost Cautious Plus
Low Cost Cautious
Low Cost Balanced
Low Cost Balanced Plus
Low Cost Adventurous

Manager Profile

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 performance

Legal & General Investment Management

Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. 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.