L&G launches Global Emerging Markets Index fund

Legal & General Investment Management is launching a Global Emerging Markets Index fund for Robert Dowling.

The fund will select its securities from the FTSE All-World Emerging index.

L&G says it is bringing the fund to market in response to the comparatively small number of index trackers available to British investors. (article continues below)

The annual management charge of the fund will be 0.65%. The total expense ratio will be 0.99%.