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Legal & General UK Index - Silver

FUND RESEARCH UPDATE: Fund Rating upgraded to Silver

Hortense Bioy, CFA 4 February, 2015 | 7:59PM

We have upgraded the Morningstar Analyst Rating™ for the Legal & General UK Index fund to Silver. The fund previously held a rating of Bronze. The fund tracks the broad and diversified FTSE All-Share index. Given its strong tracking ability and reduced fees, it represents one of the most efficient vehicles through which investors can access UK equities. Compared with its surviving peers in the Morningstar UK Large-Cap Blend Equity Category, which includes both active and passive funds, this tracker has delivered consistent above-average returns over the long term. On a 10-year risk-adjusted return basis, the fund has ranked in the top quartile. For these reasons we have a strong conviction that over a full market cycle this tracker will comfortably beat the average fund in the Morningstar UK Large-Cap Blend Equity Category on a risk-adjusted basis.

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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
L&G UK Index I Acc324.30 GBP0.31

About Author

Hortense Bioy, CFA

Hortense Bioy, CFA  is director of passive funds and sustainability research in Europe for Morningstar

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