LGIM annual results show focus on international expansion

External net flows up 70%

LGIM has continued its focus on international expansion, announcing in its 2021 full year results that 85% of the company’s external net flows came from international clients.

The firm's total external net flows reached £34.6bn in 2021, up 70% from 2020. LGIM AUM now stands at $1.4tn (11% higher than 2020), of which £479bn (34%) is international. The firm's international AUM has risen at twice the rate of total AUM (23%) and has more than doubled over the last five years. When exploring various regions, the firm noted that it was now Japan's 8th largest asset manager, while European AUM had reached €100bn. ETP flows pick up in February despite Russian invasion of Ukraine LGIM said that it delivered operating profit growth of 4% to £422m, "reflecting i...