LGIM AUM breaks £1trn mark but index business suffers outflows in 2018

Total net inflows of £42.6bn

clock • 2 min read

Legal & General Investment Management (LGIM) has managed to grow its assets under management beyond the £1trn mark in 2018, but the index funds offering suffered £14.8bn of net external outflows over the period.

The group's attracted external net flows of £42.6bn last year, although these were slightly below last year's figure of £43.5bn. This helped total assets grow by 3% from £983bn to £1.015trn. The largest proportion of net flows went into its solutions offerings, which took in £47.6bn over the year; global fixed income was also popular, attracting £9.6bn in external net flows. However, it was let down by its index funds business, which suffered £14.8bn in external net outflows during the year. Combined with the detrimental effect of market movements, this area of the business saw its to...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot