Legal & General introduces dynamic bond trust to retail market

Legal & General is celebrating the success of its Dynamic Bond Trust by launching the fund to the retail market on 31 March.

The Dynamic Bond Trust has an excellent track record. Within the UK Other Bond sector the fund is ranked 9/52 since launch (source Trustnet).

The fund adopts a flexible, unconstrained investment approach and makes use of the wider UCITS III investment powers. Fund Manager Dickie Hodges has run the fund since its launch in April 2007. He employs a variety of strategies to add value and control risk in ways unavailable to traditional bond funds.

Fund Manager Dickie Hodges said: “For me the key to the success of the fund has been its flexibility, a priceless commodity in the volatile market conditions we have been working in. The fund is fully UCITS III compliant and is a genuinely unconstrained bond fund. Being able to manoeuvre around physical bond holdings by the use of derivatives gives me flexibility unavailable to a traditional bond fund. I believe the out performance seen over the last year proves the benefit of this approach.”

Ben Waterhouse, Sales Director of Legal & General said: “Access to the Dynamic Bond Trust is good news for the retail IFA market. This is a fully flexible fixed income product, run by an award winning fund manager with a huge amount of resource at his disposal. Given that we are soon to have a strong one year track record we felt that we should give the wider market the opportunity to invest.”

Legal & General has £108bn in fixed interest assets; £45bn of this is run by the active fixed interest team.