Unit-Linked Life Insurance

World Equity Index (MSCI) Fund

Fund facts

Fund size
£1,601.2m
Base currency
GBP
Launch date
Sep 2008
Domicile
United Kingdom

Statistics

As at 30 Jun 2020

Fund aim

Benchmark

Fund characteristics

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Jun 2020

    CumulativeFundBenchmark
    Quarterly19.9519.94
    6 months1.321.32
    Year to date1.321.32
    AnnualisedFundBenchmark
    1 year6.496.45
    3 years9.109.03
    5 years12.8112.75
    Since launch10.6210.51
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund15.0422.289.9310.936.49
    Benchmark14.9922.239.8210.876.45

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund5.3728.9912.41-2.4823.42
    Benchmark5.4028.9112.34-2.5623.37

    Monthly performance (%)

    Annualised performance (%)

    Annualised1 year3 years5 yearsSince launch
    Fund6.499.1012.8110.62
    Benchmark6.459.0312.7510.51

    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..

    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.

    Portfolio

    As at 30 Jun 2020. 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.

    Sector (%)

    Information Technology21.2
    Health Care14.1
    Financials12.7
    Consumer Discretionary11.0
    Industrials10.1
    Communication Services8.7
    Consumer Staples8.3
    Materials4.3
    Utilities3.3
    Other6.2

    Market capitalisation (%)

    Large83.9
    Mid16.1
    Small0.0
    Top 10 holdings16.6
    Rest of portfolio83.4
    No. of holdings in fund1,622
    No. of holdings in index1,603

    Top 10 holdings (%)

    Apple Inc3.8
    Microsoft Corp3.5
    Amazon.Com Inc2.8
    Facebook1.3
    Alphabet Cl C1.0
    Alphabet Cl A1.0
    Johnson & Johnson0.9
    Nestle0.8
    Visa Inc Class A0.8
    Procter & Gamble Company0.7

    Country (%)

    United States65.5
    Japan7.9
    United Kingdom4.4
    France3.4
    Switzerland3.2
    Canada3.2
    Germany2.9
    Australia2.1
    Netherlands1.4
    Other6.0

    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.

    LGIMIndex Fund Management Team

    Prices

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

    Weekly close

    Name
    Primary
    Bid price
    350.33p
    Mid price
    350.49p
    Offer price
    350.78p
    Absolute change
    -
    Currency
    GBP
    As at
    15 Oct 2020
    Name
    GBP currency hedged
    Bid price
    243.46p
    Mid price
    243.58p
    Offer price
    243.79p
    Absolute change
    -
    Currency
    GBP
    As at
    15 Oct 2020

    Weekly dealt funds are valued at the local market close on the day preceding the dealing day.

    Daily close

    Name
    Primary
    Mid price
    346.54p
    Dealing price
    346.54p
    Absolute change
    -
    Currency
    GBP
    As at
    19 Oct 2020
    Name
    GBP currency hedged
    Mid price
    240.20p
    Dealing price
    240.20p
    Absolute change
    -
    Currency
    GBP
    As at
    19 Oct 2020

    Daily close dealt funds are valued at the local market close on the dealing day.

    Daily midday

    Name
    n/a
    Mid price
    n/a
    Dealing price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a
    Name
    n/a
    Mid price
    n/a
    Dealing price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a

    Daily midday dealt funds are valued at the 12:00 (UK time) on the dealing day.

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up; you may not get back the amount you originally invested.

    The return from your investment is not guaranteed and therefore you may receive a lower or higher return than you anticipated. There will be a variation in performance between funds with similar objectives due to the different assets selected.

    PMC’s charges and associated transaction costs are subject to change, with notice for the former and without notice for the latter. Charges and transactions costs deducted from the policy reduce your potential for capital growth in the future.

    Tax rules and the treatment of income and capital gains could change in the future and may be applied retrospectively.

    Inflation reduces the purchasing power of money over time as the cost of purchasing goods and services increases. If the rate of inflation exceeds the rate of return on your portfolio, it will erode the value of your portfolio and its investments in real terms.

    In extreme market conditions it may be difficult to realise assets held for a fund and it may not be possible to redeem units at short notice. We may have to delay acting on your instructions to sell or the price at which you cancel the units may be lower than you anticipated.

    The value of a fund’s assets may be affected by uncertainties such as international political developments, market sentiment, economic conditions, changes in government policies, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investment may be made.

    PMC seeks to mitigate counterparty risk wherever possible on behalf of its policyholders through a variety of measures which include: each fund’s non-cash assets being held with independent custodians, sweeping cash (where appropriate) overnight into the LGIM’s range of Liquidity funds (above a deminimus level), using the delivery versus payment system when settling transactions and the use of central clearing for exchange traded derivatives and forward foreign exchange transactions. However, in the event of the failure of a counterparty, custodian or issuer there is a residual risk that a fund may suffer asset losses which are unrecoverable.

    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.

    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 MSCI index is the exclusive property of MSCI INC. (“MSCI”). MSCI and the MSCI index name is a service mark of MSCI, or its affiliates, and has been licensed for use for certain purposes by Legal & General Investment Management ("LGIM") and its affiliates. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Description of Funds contains a more detailed description of the limited relationship MSCI has with LGIM and any related funds.

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