In these value-conscious, post-RDR times, writes Cherry Reynard, LGIM's predominantly passive, risk-targeted 'Multi-Index' funds appear to be striking a chord with investors and their advisers
Justin Onuekwusi is agnostic on the relative merits of active and passive funds - at least in theory. His enthusiasm for passive investment was, however, one of the key reasons he left his position as lead fund manager on Aviva Investors' multi-asset range four years ago to join Legal & General Investment Management (LGIM), where he now runs a suite of multi-index funds. To Onuekwusi's way of thinking, the company's in-house passive capability offers a vital competitive advantage in a post-RDR world where cost and performance remain under intense scrutiny. Furthermore, he has little time...
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