Legal & General Pacific Index - Bronze

FUND RESEARCH UPDATE: Fund Rating downgraded to Bronze

Kenneth Lamont 9 February, 2015 | 7:40PM
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We have downgraded the Morningstar Analyst Rating™ for the Legal & General Pacific Index fund to Bronze. The fund previously held a Silver rating. The fund offers investors broad exposure to Asia-Pacific equity by tracking the FTSE World Asia Pacific ex Japan Index. When compared with the average fund in the Morningstar Category, it notably overweights Australia and excludes India. The fund’s country allocation, which has led to its underperformance in 2014, somewhat weakens our previously strong conviction that the fund can beat the average fund in the Morningstar Asia-Pacific ex-Japan Equity Category on a risk-adjusted basis over a full market cycle. That said, the tracker continues to exhibit all of the strengths we would expect from a competent index fund, including rock-bottom pricing and tight tracking ability.

See the latest Morningstar OBSR fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
L&G Pacific Index I Acc250.51 GBP-0.67Rating

About Author

Kenneth Lamont  is a passive funds research analyst for Morningstar Europe.

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