Legal & General Investment Management (LGIM) has announced external net inflows of £38.1bn in the year to end of October, as it benefits from "global growth opportunities".
Of the total £38.1bn inflows, £11.3bn came from the US and £10.9bn from Europe.
LGIM also noted its entry into the European ETF market with the acquisition of ETF Securities' platform Canvas on 15 November, which it said would provide access to the fastest-growing part of the asset management industry.
Elsewhere, the firm announced the sale of its mature savings business to the ReAssure division of Swiss Re for £650m on 6 December.
Legal & General Retirement (LGR) reported sales of £6.2bn for 2017 as at 6 December with the US institutional pension risk transfer business doubling to $1.6bn compared with 2016.
Furthermore, the firm's UK individual annuity premiums are up 93%, equivalent to a 14% market share with the UK's ageing demographic expected to make the lifetime mortgage market "increasingly attractive".
Nigel Wilson (pictured), CEO of Legal & General, said: "L&G is on track for a record year for earnings and profits. Our core business divisions are generating formidable momentum.
"With yesterday's announcement of the sale of our closed book, in run-off mature savings business, our business is now well-positioned and focused on the products and geographies where we see optimum growth and cultural alignment.
"Our market leading positions and strong balance sheet, coupled with our management capability is allowing us to benefit from global growth opportunities."
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