LGIM AUM breaks £1trn mark but index business suffers outflows in 2018

Total net inflows of £42.6bn

Anna Fedorova
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Nigel Wilson, Legal & General group chief executive
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Nigel Wilson, Legal & General group chief executive

Legal & General Investment Management (LGIM) has managed to grow its assets under management beyond the £1trn mark in 2018, but the index funds offering suffered £14.8bn of net external outflows over the period.

The group's attracted external net flows of £42.6bn last year, although these were slightly below last year's figure of £43.5bn. This helped total assets grow by 3% from £983bn to £1.015trn. The largest...

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