Legal & General Investment Management (LGIM) has bought the ETF Canvas platform from ETF Securities, with plans to develop a broad range of strategies for the European market.
The acquisition includes $2.7bn AUM and 17 products across equity, fixed income and commodities, while the UK and Ireland-based platform is listed on multiple stock exchanges and licensed for distribution...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum