Legal & General’s Trust which was launched on the 30th April last year has a good first year.

The Dynamic Bond Trust’s approach is based on flexibility and unconstrained investment, and utilises the UCITS III investment powers.

Ben Waterhouse, Legal & General’s sales director, is very pleased with the Trust’s initial year, describing the last 12 months as a turbulent time for fixed income markets.

The sales director added that despite the difficult conditions, Dickie Hodges, the fund’s manager, has both managed risk and generated alpha effectively.