LGIM assets rise amid international expansion

Up arrow multicolourL&G Investment Management (LGIM) saw its assets under management grow by 6% to £433 billion (€512.5 billion) in the first half of this year.

Its latest financial statement also shows that the share of international assets grew by 21% to £28.7 billion over this period.

In July, LGIM launched its business in the Asia Pacific region. Headquartered in Hong Kong, the business will provide index and fixed income solutions to institutional clients across the region.

Assets under management also increased in the US, to £22 billion.

In the UK, its home market, LGIM says it has benefited from clients transitioning towards buyout. It has gained gross inflows into active fixed income and liability driven investment solutions.

Its net inflows for LGIM on the whole amounted to £8 billion, double the amount registered for the first half of last year.

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