L&G’s Dynamic Bond Trust records good first year

by Richard Kilner

Story link: L&G’s Dynamic Bond Trust records good first year

Legal & General’s Dynamic Bond Trust has recorded a successful initial year.

The £57.8m Trust, which was launched 30 April last year, achieved the 7th percentile of the Other Bond sector.

Its approach is based on flexibility and unconstrained investment, and utilises the UCITS III investment powers.

Legal & General’s sales director, Ben Waterhouse, has expressed his delight at the Trust’s first year, describing the last 12 months a turbulent time for fixed income markets.

Waterhouse added that despite the difficult conditions, Dickie Hodges, the fund’s manager, has both managed risk and generated alpha effectively.

Hodges himself has said he considers the year challenging, but that he is pleased with the performance of the fund.