Performance.
The performance of our Multi Manager fund range has been a revelation since it was launched in April 2008:
- Top quartile performance for all three funds since launch*.
- Total funds under management currently exceeds £479m as at 30 April 2010.
- All three funds are 'A' rated by Standard & Poor's for performance and the quality of our investment process.
*Source: Lipper. Performance of the Multi Manager unit trusts - net of fees, bid to bid, income reinvested, no initial charge. From 25 April 2008 to 30 April 2010.
PERFORMANCE IN FIGURES:
The table below shows the relative performance (the difference between fund and benchmark return; net of all fees) and quartile rankings for each of our three fund of funds over periods to 30 April 2010.
| Fund | Benchmark | The funds' out performance of the benchmark (Percentage points)*' |
|
|---|---|---|---|
| Six Months | Since Launch** | ||
| Legal & General Multi Manager Growth | IMA Active Managed Sector Median | +1.65 | +7.21 |
| Quartile Rank | 1 | 1 | |
| Legal & General Multi Manager Balanced | IMA Balanced Managed Sector Median | +2.42 | +9.61 |
| Quartile Rank | 1 | 1 | |
| Legal & General Multi Manager Income | IMA Cautious Managed Sector Median | +2.16 | +16.14 |
| Quartile Rank | 1 | 1 | |
Source: Lipper. Performance of the Multi Manager unit trusts - net of fees, bid to bid, income reinvested net of UK basic rate tax, no initial charge.
*This is the performance of the Legal & General Multi Manager Fund versus its benchmark, that is the difference between the actual return of the fund and its IMA benchmark. The return is shown net of all fees of the unit trust.
Past performance is not a guide to future returns. The value of the investment can fall as well as rise, is not guaranteed and the investor may not get back their full investment.
**At 25 April 2008.
