PMCs

Unit-Linked Life Insurance

Global Emerging Markets Equity Index Fund

Fund codeBD

Fund aim

The investment objective of the fund is to track the performance of the S&P/IFCI Composite Global Emerging Markets Index (less withholding tax where applicable) to within +/-1.5% p.a. for two years out of three.

Fund characteristics

The fund employs an index tracking strategy, aiming to replicate the performance of its benchmark. We follow a pragmatic approach to managing index funds, either investing directly in the securities of that index, or indirectly through other LGIM funds. The fund may also hold index and single stock futures for efficient portfolio management.

Fund facts

Fund size£120.5m
Base currencyGBP
DomicileUnited Kingdom
Share class launch26/01/99
As at 31 Dec 2023

Benchmark

S&P/IFCI Composite Global Emerging Markets Index

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Benchmark is stated net of tax applicable to UK pension schemes
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:26 Jan 1999
Benchmark:S&P/IFCI Composite Global Emerging Markets Index
Share class launch date:26 Jan 1999
Benchmark:S&P/IFCI Composite Global Emerging Markets Index
    Share class launch date:26 Jan 1999
    Benchmark:S&P/IFCI Composite Global Emerging Markets Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings18.2%
    Rest of portfolio81.8%
    No. of holdings in fund2,861
    No. of holdings in index6,052

    Top 10 holdings (%)

    Taiwan Semiconductor Manufacturing Co5.1
    Samsung Electronics Co3.4
    Tencent Holdings2.5
    Alibaba Group Holding Adr1.6
    Hdfc Bank1.3
    Reliance Industries1.2
    PDD Holdings ADR1.1
    Infosys0.7
    Icici Bank0.7
    China Construction Bank H0.6

    Sector (%)

    Financials
    		21.3
    Information Technology
    		20.6
    Consumer Discretionary
    		12.0
    Materials
    		8.8
    Industrials
    		8.8
    Communication Services
    		7.4
    Consumer Staples
    		6.1
    Energy
    		4.9
    Health Care
    		4.7
    Other
    		5.4

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Fund managers

    LGIM Index Fund Management Team headshot

    LGIM Index Fund Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    Literature

    Prices

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

    Download full price history

    Monthly price history

    Download full price history

    Please note that a maximum of 10 years price history is available.

    Important information

    All performance periods over a year will be annualised.

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the Key Information Document, the Key Features Document and Description of Funds of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal and General Assurance (Pensions Management) Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data.

    Issuer

    Information for all Pension and Life Funds is issued by Legal and General Assurance (Pensions Management) Limited (‘PMC’). It is a life insurance company which carries on linked insurance business. As part of that business, it holds investments divided into separate sub-funds known as PF Sections. The value of each Policy that it issues is determined by reference to the value of one or more of the PF Sections. Legal & General Investment Management Limited, has been appointed as the investment manager of these PF Sections and is authorised and regulated by the Financial Conduct Authority. LGIM also provides investment and marketing services to PMC.

    Legal and General Assurance (Pensions Management) Limited is Registered in England and Wales No. 01006112.  Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, No. 202202.

    Index disclaimer

    The S&P/IFCI Composite Global Emerging Markets Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”) and any associated third party licensors, and has been licensed for use by Legal & General Investment Management (“LGIM”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); Any third party licensor trademarks are trademarks of the third party licensor and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by LGIM. LGIM’s product, or that of its affiliates, is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or the third party licensor and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index.

    Our thinking

    Bringing our most compelling thoughts to help you make more informed investment decisions.

    Read our latest thought leadership

    Solutions

    We offer pension solutions that are tailored to your needs.

    Pension solutions at LGIM: an overview

    Contact us

    Contact us for further information on our investment solutions and services.

    Get in touch