L&G WTW Global Equity Diversified UCITS ETF: two classes listed on the LSE

Legal & General (L&G) is launching the global multi-factor equity strategy developed with Willis Towers Watson on the ETFplus market, available in US dollar and euro-hedged versions.

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Article created by the editorial staff of ETFWorld.co.uk

Giancarlo Sandrin, Deputy Head of Wholesale Distribution Europe at L&G

Legal & General (L&G) listed the L&G WTW Global Equity Diversified UCITS ETF on the London Stock Exchange on 10 July 2026. The fund is available in London in two accumulation share classes: one denominated in US dollars (ISIN IE000GUIUCJ1, TER 0.19%) and one in euros with currency hedging (ISIN IE000JMMZAP4, TER 0.22%). The ETF tracks a global multi-factor equity strategy developed by Willis Towers Watson (WTW) and based on MSCI criteria. The stated aim is to make an approach previously reserved for institutional investors accessible to a wider audience, at a reasonable cost.

Two share classes on Borsa Italiana’s ETFplus market

The two share classes share the same strategy and differ in terms of currency and the treatment of currency risk.

L&G WTW Global Equity Diversified UCITS ETF USD Acc — global equities, denominated in US dollars, accumulation-type, TER 0.19%, ISIN IE000GUIUCJ1.

L&G WTW Global Equity Diversified UCITS ETF EUR H Acc — global equities, denominated in euros with currency hedging, accumulation-type, TER 0.22%, ISIN IE000JMMZAP4.

Both are accumulation-type funds: dividends are reinvested in the fund and not distributed. The euro-hedged class provides investors with a return closer to that of the index, net of currency effects, albeit at a slightly higher ongoing cost. On Borsa Italiana, the two instruments are identified by their respective ISIN codes.

The WTW Global Equity Diversified Index and the multi-factor strategy

The fund offers exposure to the WTW Global Equity Diversified Index. This is a bespoke index constructed in accordance with MSCI’s criteria, based on the MSCI ACWI universe, and developed by Willis Towers Watson. The strategy is index-tracking and multi-factor, based on valuation, quality and momentum factors.

The fund is designed as a core component for equity allocations. It employs risk management with explicit portfolio constraints across geographical regions, sectors and individual securities. Rebalancing takes place quarterly. The construction incorporates ESG criteria, including objectives related to combating climate change.

The benchmark index was developed jointly by MSCI and WTW. For L&G, this approach enables it to make available to clients the expertise of one of the most established financial advisers in the market.

An approach already applied to approximately $25 billion

The approach described is already used by L&G to manage the assets underlying three institutional-grade funds, with a total value of approximately $25 billion. The new ETF transfers the same methodology to a listed vehicle, offering the access, transparency and liquidity typical of the UCITS format.

Giancarlo Sandrin, Deputy Head of Wholesale Distribution Europe at L&G, said: “Providing access to highly sophisticated and cost-efficient strategies is an important part of L&G’s global asset management business, as we are pioneers in index investing. We have an excellent relationship with the WTW team, built on a history of successful collaborations. We are delighted to launch this ETF, whose innovative approach has already been utilised in some of L&G’s existing funds within the institutional investment sector. The Fund’s structure, whilst offering ease of access, transparency and liquidity, aims to give a wider range of investors the opportunity to invest in this strategy.”

Sarah Hopkins, Head of Equity Solutions at WTW, added: “We are delighted with the launch of the GEDI ETF, which marks an important milestone in making this strategy accessible to a wider range of stakeholders. Thanks to our collaboration with L&G and MSCI, this fund provides investors with a rigorous and diversified multi-factor approach, offering a transparent, liquid and cost-effective solution for accessing a key equity component of a portfolio.”

Legal & General and the growth of its ETF range

The launch is the latest addition to L&G’s passive range. Over the past year, total assets under management across the company’s entire ETF offering have grown by around 50 per cent (figures as at 11 March 2026).

Founded in 1836, L&G is one of the UK’s leading financial services providers and one of the world’s largest investors, with £1,200 billion (1.2 trillion) in assets under management, of which approximately 44 per cent is attributable to overseas investors. The company’s figures are as at 31 December 2025. The Asset Management division operates in both public and private markets and offers solutions ranging from index and actively managed funds to liquidity- and liability-based risk management strategies.

Conclusions

Following the listing on 10 July 2026, investors on the London Stock Exchange have access to a global multi-factor equity strategy in ETF format, in the two reference currencies. The US dollar class (TER 0.19%) and the hedged euro class (TER 0.22%) cater to different needs in terms of currency exposure. The launch extends to a wider client base a methodology developed with Willis Towers Watson and already applied to institutional assets totalling approximately 25 billion dollars. The trend in inflows into the two sub-funds will be the key factor to watch in the coming months.

Source: ETFWorld.co.uk