L&G to expand multi-asset range
Legal and General Investment Management is planning to expand its multi-asset range with existing products growing rapidly and new products in the pipeline.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The asset manager confirmed plans to grow it’s multi-asset proposition after strong Q3 results.
Legal and General Investment Management’s total assets increased by 14% to £676.3bn over the 12 months to the end of September.
In the UK, LGIM reported it was experiencing strong demand for liability driven investment strategies, with these assets increasing 22% on a year ago to £273bn.
The business saw net inflows of £8bn.
Against this backdrop, assets under management increased 27% on a year ago to £13.2bn at the end of September.
Mark Zinkula, chief executive of LGIM, said:
“Looking ahead, we expect demand for our LDI strategies to remain strong as the de-risking trend continues, both in the UK and elsewhere.
“At the same time, we are creating innovative new products relevant for our defined contribution clients.
“In particular, we’re expanding our multi-asset capabilities, with existing products growing rapidly and new products in the pipeline.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%
