L&G confirms further Dart changes
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Legal & General has confirmed further proposed changes to the Diversified Absolute Return Trust, which includes an exit from the IMA Absolute Return sector.
The trust, which is to be renamed as the Legal & General Global Macro Themes fund under new proposals, will enter the IMA Specialist sector.
The fund will move to a three-year timeline rather than a one-year and its focus on derivatives will become less pronounced.
The management line-up will remain the same, with Ben Gill and David North continuing as co-managers.
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