Press releases

LGIM launches Real Capital Builder

Legal & General Investment Management (LGIM) has today launched the L&G Real Capital Builder (RCB) fund for external investors.

25 Oct 2017

Legal & General Investment Management (LGIM) has today launched the L&G Real Capital Builder (RCB) fund for external investors.

RCB is an equity-led outcome oriented unit trust that aims to generate total returns of 4% above inflation per annum over a rolling five year period at two-thirds of the risk of an equity index. The strategy meets investor demand for a risk managed fund that aims to deliver consistent returns ahead of inflation.

Initiated in January 2016, RCB has to date outperformed its benchmark. Its launch follows that of the L&G Real Income Builder last year and further enhances the range of ‘medium capital risk’ products offered by LGIM, where assets for inflation plus strategies are now over £1bn.

RCB is managed by a dedicated team led by Nick Hartley, Co-Head of Active Equities, and Shaunak Mazumder, Fund Manager.

Nick said: “We have committed significant resources to the design of Real Capital Builder. The fund is managed by a dedicated team of fund managers and analysts, each of whom was hired specifically for the strategy.

“Targeting equity returns with two-thirds MSCI World volatility and a real return objective meets the investment objectives of many of our our clients for all market conditions. We are excited to bring Real Capital Builder to the market.”

Simon Hynes, Head of UK Retail Sales at LGIM, said: “Many investors we speak with are concerned about the spending power of their savings over the long term, and inflation is a rising risk.

“The Real Capital Builder strategy is relevant for a broad range of investors looking for positive real returns via equities, but in a fund where the drawdown risk and volatility of equities are actively managed down.”

Notes to editors

Legal & General Investment Management

Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.29 trillion1. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.

For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

1Globally, we manage assets of £1.42 trillion or CHF 1.75 trillion as at 31 December 2021 (source: LGIM internal data as at 31 December 2021). The data combines assets under management by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. Assets under management include securities and derivatives positions.

*at 11 Jan 2023


Past performance is not a guide to the future. 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. For illustrative purposes only. Reference to a particular security is on a historical basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security. Views expressed are of LGIM as at 3 January 2023.


In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with "top up" permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677).  Registered Office: 70 Sir John Rogerson's Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).

LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa ("CONSOB") and is registered with Banca d'Italia (no. 23978.0) with registered office at Piazza della Repubblica 3, 20121 Milan, (Companies' Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority ("BaFin"). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets ("AFM") and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231.Details about the full extent of our relevant authorisations and permissions are available from us upon request. For further information on our products (including the product prospectuses), please visit our website.