Legal & General Investment Management (LGIM) says it is “successfully delivering on its strategy to diversify the business and increase its global footprint”, as it today reports total inflows – including for the UK, its traditional market – of £25.3 billion (€34.2 billion) in the first half (1H) this year.
The inflows were up 28% on the previous year.
International assets under management (AUM) have increased from £32 billion, as at December 2011, to £116 billion in June 2015, and now accounts for 16% of its total £714.6 billion of AUM.
Total international AUM net flows in the first half of 2015 were “very strong” at £5.8 billion.
LGIM says it is expanding distribution in the US, Asia, the Gulf and Europe and investigating market opportunities in South America.
In the UK, LGIM”s traditional market, the firm – which is part of insurer Legal & General – says it is increasingly adding assets to its retail funds business and that its UK defined contribution pensions business has almost doubled since 2011, increasing from £23.6 billion to £42.8 billion.
Flows in the US in 1H were for index, active fixed income and liability-driven investment mandates and totalled $7.3 billion (€6.5 billion).
©2015 funds europe
