L&G launches WTW Global Equity Diversified UCITS ETF

Legal & General (L&G) Asset Management has launched the L&G WTW Global Equity Diversified UCITS ETF. The fund tracks the WTW Global Equity Diversified Index, which MSCI constructed to specifications provided by Willis Towers Watson (WTW). The index uses multi-factor signals across value, quality and momentum.

The ETF is designed to serve as a core equity holding. The index applies institutional-level investment rules and enforces explicit portfolio constraints, including limits on individual stock, sector and country exposure. Holdings will be rebalanced quarterly. The strategy includes ESG integration and sets objectives tied to climate transition.

MSCI built the index using criteria from WTW. L&G reports the same approach is already used across three existing funds for institutional clients and manages about USD25 billion in those mandates. Packaging the strategy as a UCITS ETF allows distribution in European markets and is intended to provide transparency and liquidity to a broader group of investors.

David Barron, Global Head of Index & ETFs at L&G Asset Management, described the firm’s aim as “Providing access to highly sophisticated and cost-effective investment strategies” and noted L&G’s long working relationship with WTW.

Sarah Hopkins, Head of Equity Solutions at WTW, called the ETF the first GEDI ETF and described it as “a disciplined, diversified multi factor approach” offered in a transparent, liquid and cost-efficient format.

The launch follows a year in which L&G’s total ETF assets under management rose by about 50 percent. The UCITS structure, the firms say, provides a familiar regulatory framework for distribution across European markets while the index combines multiple return drivers with explicit risk limits and sustainability objectives.