LGIM posts £38bn inflows with group poised for record year

LDI, property and active fixed funds outperformed

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".

In a trading update pubished this morning (7 December),  LGIM attributed its liability driven investments (LDI), active fixed and property funds as its strongest-performing asset classes. The level of inflows have helped drive its parent company towards an expected "record year" in terms of earnings and profits. 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 t...