Barney Hatt talks to Alan Thein, co-manager of L&G's multi-manager range, about his chosen strategy for the three portfolios
Launching a multi-manager range just before the collapse of the global financial system may not sound ideal. However, the three multi-manager funds launched by Legal & General in April 2008 are all in the top decile within their sectors. According to Morningstar, the £276m Growth fund is 22nd out of 116 of funds in the IMA’s Active Managed sector, up 23.1% over one year to 24 May. The £191m Income fund ranks 18th out of 148 funds in the Cautious Managed sector, up 20.4% over the same time. The £13m Balanced fund meanwhile ranks 12th out of 145 funds. Alan Thein, who runs the funds ...
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