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L&G Adds New Share Class To Funds

Legal & General is expanding its current multi manager fund range by launching a new share class.

Legal & General isexpanding its current multi manager fund range bylaunchinga new share class, What Investment reports. The latest share class will have an increased annual management charge of 1.5% without any performance fee.

It will be offered through the firm’s existing platform distribution partners and independent financial advisers. The funds will have an investment term of five years or more, with a minimum investment of £500 in total or a monthly direct debit of £50.

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