UK - Legal & General has selected two Dresdner RCM Global Investors funds for its stakeholder pensions platform.
The two Dresdner funds selected by L&G are the DRCM global equity fund and the DRCM UK equity fund. L&G claims that these funds will strengthen its ‘core / satellite’ stakeholder approach.
Both funds will invest in growth stocks in an attempt to achieve capital growth and outperform their respective benchmarks. The global equities fund is benchmarked to the MSCI World Index, whilst the UK equities fund has the FTSE All Share index as its benchmark. Both are part of Dresdner’s new Open Ended Investment Company (OEIC) offerings.
Mark Archer, head of institutional business development at Dresdner, said of the appointment: “We are delighted that L&G has chosen two of our funds as part of its stakeholder offering. This is a good example of how our new OEIC range can provide active fund management solutions for the stakeholder market.”
By Geoffrey Ho
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