Legal & General Dynamic Bond Trust - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral 

Ashis Dash 23 September, 2015 | 7:07AM

Following a recent Morningstar Analyst Ratings meeting, we have moved the Legal & General Dynamic Bond Trust to a Morningstar Analyst Rating™ of Neutral. The fund’s rating was Under Review following Richard Hodges’ resignation from Legal & General Investment Management (LGIM). We held Hodges in high regard and his role was central to our positive on the fund. Shahzada Omar Saeed has taken over management of the fund in July 2015, having joined LGIM in February 2015 from Swisscanto Asset Management. While the core unconstrained global asset allocation approach, as employed by Hodges, broadly remains in place, there have been some tweaks under Saeed. In addition, Saeed’s previous experience has been predominantly in the high yield bond space and this is his first foray into sterling strategic bond fund management. Both the new manager and the tweaked strategy need to be tested over a longer period to build our conviction in the fund.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
L&G Dynamic Bond R Acc91.51 GBP0.03

About Author

Ashis Dash  is a Morningstar Fund Analyst

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