Legal & General and Nikko sign distribution agreement

Contract handshakeLegal & General Investment Management (LGIM) is to distribute its global fixed income products through Nikko Asset Management to Japanese investors following a business agreement.

The agreement will also see LGIM helping Nikko AM with marketing and sales in the UK and other countries.

LGIM’s fixed income funds are provided by LGIM and also its American arm and are aimed mainly at Japanese insurance companies and banks. The first funds are expected to launch in mid-2016.

Takumi Shibata, president and chief executive of Nikko Asset Management, said the collaboration will benefit clients through the provision of “differentiated fixed income investment solutions” offered by LGIM.

Mark Zinkula, chief executive of LGIM, said Japan is a key part of LGIM’s globalisation strategy.

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