In the company’s latest Assessment of Value (AoV) report, it flagged up just two funds for their poor performance: the L&G Future World Sustainable Equity Focus and L&G Future World Sustainable UK Equity Focus funds.
Both mandates have underperformed their respective benchmarks by around 10% across all share classes over a three-year period, according to the report.
Legal and General’s asset management arm sees AUM drop by 4% while private markets platform grows
The L&G Future World Sustainable Equity Focus fund’s substandard returns were attributed to its concentrated portfolio …
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