LGIM reports 8% AUM rise; Parent to improve Cofunds 'operational efficiency'

Stronger retail showing

clock

Legal and General Investment Management(LGIM) reported an increase in AUM of 8% to £717bn at the end of September, with a stronger showing for its UK retail business in Q3.

This compared to £662.1bn in AUM reported at the end of Q3 2014. It reflects external net inflows of £21.7bn for the nine months to the end of September; a significant increase from £8.3bn in the same period in 2014. In the third quarter, external net inflows were £7.9bn, compared to an outflow of £0.2bn in Q3 2014. The group said this represented the second successive quarter of positive external net flows across all its major asset classes. Its UK retail business also reported a stronger quarter than last year, with external net flows of £0.6bn, up from zero net sales in Q3, 2014.  ...

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

More on Funds

Schroders, PIMCO and Royal London funds part of 24 latest RSMR ratings

Schroders, PIMCO and Royal London funds part of 24 latest RSMR ratings

Fixed income funds dominate

Linus Uhlig
clock 01 May 2025 • 1 min read
Columbia Threadneedle finds 17 funds fail to deliver performance value

Columbia Threadneedle finds 17 funds fail to deliver performance value

Issues raised over economic uncertainty

Linus Uhlig
clock 30 April 2025 • 2 min read
Over a third of Janus Henderson funds red flagged over performance

Over a third of Janus Henderson funds red flagged over performance

Assessment of Value report

Sorin Dojan
clock 29 April 2025 • 2 min read
Trustpilot