LGIM launches multi-strategy enhanced commodities ex-agriculture & livestock Ucits ETF

Legal & General Investment Management (LGIM) has launched a Ucits ETF “designed to offer portfolio diversification, inflation risk mitigation as well as uncorrelated exposure, excluding agriculture and livestock.”

Utilising a Barclays Index with a multi-factor strategy, the L&G Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock Ucits ETF strategically excludes agriculture and livestock commodities, focusing instead on energy, precious metals and industrial metals.

Opportunities abound for food supply pragmatists

Categorised as Article 6 under the EU’s Sustainable Finance Disclosure Regulation, the fund tracks the performance of the Barclays Backwardation Tilt Multi-Strategy ex Agriculture & Livestock Capped Total Return Index, “ensuring investors benefit from a thoughtful approach to commodity investments.”

Aanand Venkatramanan, head of ETFs, Emea at LGIM, commented:  “In our current macro environment, commodities could offer an attractive investment case, defined by lower correlation and diversification benefits.”

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Ben Redmond, head of QIS structuring,  Emea at Barclays added: “We are pleased to continue the collaboration between LGIM and Barclays with the launch of this new ETF using the same performance drivers as the existing Enhanced Commodity Ucits ETF launched in 2021. In addition, this new ETF excludes two commodity sectors to address the demand expressed by certain investor types.”

The fund will be registered in the UK, France, Germany, Italy, Netherlands, Norway, Denmark, Sweden, Switzerland, Finland, Austria, Luxembourg and Spain and listed on LSE, Deutsche Boerse, SIX and Borsa Italiana.

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