Legal & General’s distribution fund leads the way

Legal & General’s Distribution Fund is top of sector over 5 and 10 years according to the latest data from Morningstar.

Simon Pistell, Managing Director Legal & General Individual Wealth commented: “We launched our first life fund, our Distribution Fund, 13 years ago and this has been tremendously successful with over £5.3 billion in assets under management (AUM) today. We have since added a Rising Income Distribution Fund and a Growth Distribution Fund bringing the total AUM in our range of distribution funds to over £6 billion. This range gives investors and their advisers a choice of multi asset class funds that are managed to meet a variety of Investors income and growth needs. Such a choice has ensured that our overall distribution fund offering has remained attractive to investors and has proven a popular fund selection in our successful Portfolio Bond. To complement our life distribution funds we also offer a Distribution Trust.”