L&G launches first UK-domiciled Global Aggregate Bond Index Mutual Fund
L&G today announces the launch of the L&G Global Aggregate Bond Index Fund (‘the Fund’), providing broad exposure to investment grade fixed income.
L&G today announces the launch of the L&G Global Aggregate Bond Index Fund (‘the Fund’), providing broad exposure to investment grade fixed income.
The Fund offers broad exposure to global fixed income securities by aiming to track the Bloomberg Global Aggregate 500MM Index (‘the Index’), and is the first UK-domiciled fund of this kind. The Fund invests across security types including sovereign, government-related, securitised, and corporates and across developed and emerging markets to help provide investors with a diversified offering.
It is built on the 500MM minimum size standard to enhance tradability, and aims to deliver greater market depth, tighter transaction costs, and smoother implementation across constituents. The 500MM minimum size standard offers significant global diversification with over 23,000 bonds from ~2,300 issuers and 25 currencies currently included in the index. This methodology means the fund can operate as a highly effective core fixed income building block within a portfolio.
This is the latest addition to L&G’s extensive index fund range, which is used by clients worldwide seeking simple, high quality, and low-cost index funds across a comprehensive suite of equity and fixed income market-cap, and alternatively weighted index funds.
Lee Collins, Head of Index Fixed Income at L&G: “This launch reflects a clear demand from our clients for a product that provides access to a diversified set of investment grade bonds with a large-issue liquidity screen. As the first UK-domiciled Global Aggregate Index Fund, we are giving UK advisers a long-requested core fixed income building block in an ideal format. The launch of this Fund , designed to offer a cost-effective solution for those seeking broad fixed income exposure, is just the latest example of our well-established approach to index investing with client preferences front and centre.”
Further information
Bradley Starr
Senior Communications Executive, Asset Management
Notes to editors
Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
L&G's Asset Management business is a major global investor across public and private markets, with £1.1 trillion in total assets under management (as at HY25) of which c. 43% (c. £0.5 trillion) is international. Our clients include individual savers, pension scheme members and global institutions.
We provide investment solutions from index-tracking and active funds to liquidity and liability-based risk management strategies.
Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. This reflects L&G’s purpose: ‘Investing for the long term. Our futures depend on it.