L&G All Stocks Index Linked Gilt Index - Bronze

FUND RESEARCH UPDATE: Fund Rating downgraded to Bronze

Jose Garcia-Zarate 9 February, 2016 | 7:28PM

We have downgraded the Morningstar Analyst Rating™ for L&G All Stocks Index Linked Gilt Index to Bronze. The fund previously held a Silver rating. We continue to have a positive view on factors such as the fund’s price, its tracking accuracy, and the parent company’s commitment to the provision of passive investing solutions. However, after careful reconsideration, we have concluded that the heavily long-dated nature of the underlying market exposes investors to a rather volatile return profile over a market cycle. In particular, a rules-based passive fund tracking this market would be particularly vulnerable to the downside relative to category peers that have the discretion t

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About Author

Jose Garcia-Zarate

Jose Garcia-Zarate  is Associate Director of Passive Strategies Research for Morningstar Europe

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