Following the announcement that Michel Canoy, manager of the L&G Fixed Interest Trust, is to leave Legal & General Investment Managers in January 2014, we have maintained the fund’s Morningstar OBSR Analyst Rating™ of Neutral. Going forward the fund will be managed by Richard Hodges, who is currently deputy manager and also the Head of High Alpha Fixed Income. Mr Hodges has been involved with the strategy for a number of years, initially as lead manager before Mr Canoy’s appointment in March 2011 and subsequently as deputy manager. We have a high regard for Mr Hodges, who will continue to manage the L&G Dynamic Bond Trust, alongside a number of other fixed income mandates that Mr Canoy previously managed. We will be meeting with Mr Hodges in the coming weeks to discuss the impact of these changes, but for now we have maintained the Neutral Rating.
See the latest Morningstar OBSR fund rating news here.
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