Legal & General Dynamic Bond Trust outperforms market

Legal & General's Dynamic Bond Trust, which launched 30 April 2007, is celebrating a successful first year. Over that period, the Trust performed extremely well within the Other Bond sector, by being 7th percentile since launch (source Lipper 30/04/08).

The £57.8m fund adopts a flexible, unconstrained investment approach and makes use of the wider UCITS III investment powers.

Ben Waterhouse, Sales Director, Legal & General said: "We are delighted with the performance of the Dynamic Bond Trust. It has been a volatile 12 months for fixed income markets but Fund Manager Dickie Hodges has proven that he can both generate alpha and manage risk effectively. It is this dual approach that has lead to "best in class" strategic bond performance. Corporate Bonds are now showing better value than in recent years and as a result have witnessed renewed intermediary interest in the asset class."

Fund Manager, Dickie Hodges: "It has been a challenging year, but I am pleased with how the fund has performed. I believe the key to its success is its flexibility and the out performance seen over the last year proves the benefit of this approach."

Legal & General has £113bn in fixed interest assets; £50bn of this is run by the active fixed interest team. For more information on the Legal & General Dynamic Bond Trust contact Legal & General on 0845 070 8684 from 9.00am to 5.00pm Monday to Friday.