James Hay adds L&G funds to wrap and SIPP platform

James Hay has added the Legal & General (L&G) Dynamic Bond Trust and International Index Trust to both its Wrap & SIPP fund platforms.

The total number of funds now available on James Hay Wrap totals 1,328 funds from 57 different providers and the number of funds on its Collect SIPP Platform is 1,021 from 45 different providers.

The L&G Dynamic Bond Trust is a long-term total return bond fund, managed by highly regarded fund manager Dickie Hodges. The fund takes an unconstrained investment approach and makes extensive use of UCITS 3 powers to add value and control risk.

The L&G International Index Trust tracks the FTSE World excluding UK index, offering exposure to global stock performance at a low annual management charge of 0.35 per cent.

Shaun Sandiford, Regional Sales Director, James Hay, said: "IFAs are increasingly offering their clients a blend of passive and active funds to achieve the correct risk/ reward balancing within portfolios. We are delighted to offer these funds from L&G, one of the best known financial brands in the UK."

Investors using James Hay Wrap can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £13 billion under administration.

James Hay Wrap offers free fund switches and automatically returns rebates to client accounts. Unlike many competitors, James Hay has a philosophy that supports "any fund, in any tax wrapper at any time" and has no preferred fund houses or Investment styles. Advisers can buy any fund they and their clients choose.