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Legal & General Global Technology Index Trust Class C - Accumulation (GBP)

Sell:176.00p Buy:176.00p Change: 0.40p (0.23%)
Prices as at 21 November 2024
Sell:176.00p
Buy:176.00p
Change: 0.40p (0.23%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 21 November 2024
Sell:176.00p
Buy:176.00p
Change: 0.40p (0.23%)
Prices as at 21 November 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Our view on the sector

Technology is an exciting sector with many interesting companies and is behind almost everything we do. There have been some big winners in the sector, like Google and Amazon. But there have also been companies that have fallen from grace like Blackberry and Nokia as well as smaller, speculative start-up companies from emerging markets that could blossom or fail altogether. Investing in a single area is higher-risk and a long-term investment approach is essential. Most technology funds invest heavily in the US which remains a global technology hub.

Performance Analysis

The fund's tracked the FTSE World -Technology Index closely since it launched. A big part of this is down to the fund's low charges. As with all tracker funds though, the performance will almost always be slightly behind the index due to the charges.

Investment Philosophy

Tracker funds are one of the simplest ways to invest. They aim to match the performance of an index, rather than beat it. They usually do this by investing in every company in the index. This means they don't need analysts to research individual companies, which keeps costs to a minimum. If the fund's costs are low it's likely to track the index more closely.

Process and Portfolio Construction

Legal & General is one of the most conservative tracker fund managers. The fund invests in every company in the FTSE World -Technology Index and in the same proportion. This is called 'full replication' and gives it the best chance of tracking the index precisely. Legal & General don't lend shares to other companies. Other tracker managers do this to reduce costs, but it adds risk to the fund.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

21/11/19 to 21/11/20 21/11/20 to 21/11/21 21/11/21 to 21/11/22 21/11/22 to 21/11/23 21/11/23 to 21/11/24
Annual return 39.33% 43.50% -23.20% 38.22% 35.91%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: LGIM Index Fund Management Team
Manager start date: 30 September 2013
Manager located in: London

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

Fund manager biography Manager Name: LGIM Index Fund Management Team Manager start date: 30 September 2013 Manager located in: London 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 ears has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now