L&G Expands ETF Range with Three New Listings on London Stock Exchange

Legal & General (L&G) has listed three new UCITS ETFs on the London Stock Exchange, expanding its offerings for European investors. The new products include two share classes of a global dividend-focused equity ETF and a market-neutral commodities ETF with a long/short strategy. The equity ETFs track the FTSE Developed All Cap Dividend Growth with Quality Index and are available in accumulating and distributing share classes, each with a TER of 0.29%. The commodities ETF, which aims for low correlation with traditional markets, tracks the Barclays Backwardation Tilt Alpha Capped ex-Precious Metals Index and uses a synthetic structure with 1.75x leverage, carrying a TER of 0.39%.