LGIM's assets rise despite fall in inflows

graph up downAssets managed by Legal & General Investment Management (LGIM) grew to £465 billion (€585 billion) at the end of June, a rise of 7% compared with the same time last year. The firm's international assets – mainly from the US, Europe and the Gulf – grew particularly fast, rising 35% to account for a little less than a sixth of the UK-based firm's total. However, the firm's net inflow of £10.4 billion in the first half of the year was £3 billion less than it gained in the first half of 2013. LGIM, which is the largest provider of liability driven investment (LDI) in the UK, says the continued trend for UK defined pension schemes to de-risk will affect its fund flows in coming months. “This will impact our passive equity funds backing DB schemes but will benefit our growing LDI business,” says the firm in a statement. LGIM also hopes for growth among defined contribution pension schemes and in its property and multi-asset funds. Including the firm's derivative overlay and the advisory assets it took on as part of its acquisition of US-based Global Index Advisors, the firm looks after £654 billion. ©2014 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.