Legal & General Investment Management has expanded the Future World ESG Multi-Index fund range with the addition of two new funds.

The two new funds – L&G Future World ESG Multi-Index 6 and L&G Future World ESG Multi-Index 7 – have a tilt towards equities and include allocations towards defensive and alternative investments. They invest mainly in the L&G Future World ESG index funds which utilise LGIM’s proprietary ESG scores to combine ESG assessments for 17,000 companies on 30 metrics.

Andrzej Pioch, Multi-Asset Fund Manager at LGIM says: “Inflationary and recession risks, combined with additional ESG risks such as climate change and plastic pollution, have created a difficult investment environment for advisers and clients to navigate. We firmly believe that asset allocation is the key driver of risk and return for a multi-asset ESG proposition. We believe we have the flexibility to respond to market events by dynamically changing investments across multiple asset classes as required, seeking resilient risk-adjusted returns while securing material ESG benefits for our clients.”