Legal & General Investment Management (LGIM) has unveiled two new tracker funds focusing on property companies and emerging market debt.
The new Legal & General Global Real Estate Dividend Index fund will track the performance of the FTSE Epra/Nareit Developed Dividend Plus benchmark.
This provides exposure to global developed market property companies, with an ongoing charges figure (OCF) of 0.2 per cent.
The firm will also launch the Legal & General Emerging Markets Government Bond (Local Currency) Index fund. This tracks the JPMorgan GBI-EM Global Diversified Local Currency index.
The fund, which has an OCF of 0.35 per cent, aims to give investors passive exposure to local currency-denominated emerging market debt.
Both products will be managed by the LGIM index funds team.
Honor Solomon, LGIM’s head of retail distribution, EMEA, said the two funds would “provide simple, high-quality and cost-effective exposure to asset classes that have the potential to provide an attractive income and are increasingly important building blocks within diversified portfolios.”