LGIM sees positive net flows in Q1

UP_arrowsLegal & General Investment Management’s (LGIM) assets increased in the first three months of the year on the back of positive net inflows of £2.6 billion (€3.2 billion) and market performance. LGIM, which has a large passive investment business, saw assets rise by 29% on Q1 2011 to £383 billion. The firm, owned by Legal & General insurance company, saw outflows of £600 million in Q4. LGIM wrote £7.5 billion of gross new business, which was in line with the last three quarters. Active fixed income and liability-driven investments gross inflows increased to £3 billion from £2.4 billion in Q1 2011. Net inflows were £1.8 billion. The fund manager said it had increased assets under management from international clients to £20.3 billion from £18.3 billion at the end of 2011. Growth plans this year includes expanding the fund proposition in the US where LGIM is seeing strong demand from US pension fund clients. ©2012 Funds Europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.