L&G’s asset management division expands ETF range

Written by Michael Griffiths

18/10/2024

Legal & General’s asset management division has expanded its ETF range with the launch of the L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF.

The ETF will provide investors with exposure to highly rated Euro and USD denominated corporate bonds with a short duration and exclude bank issuers.

L&G said the launch will add to L&G Asset Management’s broad set of capabilities in the index fixed income space, with the ETF complementing its successful existing range.

“Investors have long recognised the issue of bank issuer concentration in market-cap weighted corporate bond indices,” said head of ETFs, EMEA at LGIM, Aanand Venkatramanan.

“We are excited to introduce this first of its kind ETF to the market which enables investors to benefit from the yield opportunity short-duration corporate bonds provide, with the added overlay of true diversification given the exclusion of bank issuers.”

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