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L&G pitches bond fund at consumer market
Legal & General is to launch its Dynamic Bond Trust into the consumer market on March 31st.
The upper quartile performing trust adopts a flexible, unconstrained investment approach - manager Dickie Hodges having run it since its launch in April 2007.
For Hodges the key to the success of the trust has been its flexibility - the trust being able to manoeuvre around physical bond holdings via the use of financial instruments unavailable to a traditional bond fund.
Dynamic Bond Trust should be considered a medium to long term investment (at least 5 years) says L&G - the trust focusing on a range of UK and overseas corporate and government bonds from across the risk spectrum.
Minimum investment is £500, which charges set at 3% initial, 1.25% annual. There is no exit fee.
Income distribution dates, meanwhile, are February 5th, May 5th, August 5th and November 5th.
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