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LGIM registers first SICAV funds for distribution in Germany

Wed, 09/07/2014 - 14:00

Legal & General Investment Management (LGIM) has for the first time registered its SICAV funds for distribution in Germany.

The funds received their German registration on 3 July 2014.
“We are delighted that we are expanding in one of the most important investment markets in Europe,” says LGIM chief executive officer Mark Zinkula. “As client needs continue to change and evolve, we are confident that we can offer outstanding investment solutions to German investors.”
Marion Stommel-Hatzidimoulas, LGIM’s head of European distribution – active strategies, says: “The registration of our SICAV umbrella complements our already established product range in Germany. German investors have shown a keen interest in our flagship active fixed income capabilities – particularly our Euro Credit strategy – which are now also available in a SICAV vehicle.”
Among the funds registered in Germany is the L&G Euro Corporate Bond Fund. The fund was first launched in November 2013 as a UCITS compliant SICAV fund. It currently has a fund size of EUR313 million and invests predominantly in a variety of euro denominated fixed interest instruments such as corporate bonds, other fixed or floating-rate debt securities and short-term debt securities. The fund is designed for investors seeking a broad European investment grade credit strategy with the flexibility to invest in global markets to improve diversification and enhance returns. 

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