LGIM gets 12% AUM boost from overseas inflows

Legal & General Investment Management (LGIM) has seen a 12% jump in assets under management, boosted by the expansion of its international business in the first half of the year, despite a fall in advisory assets.

In the six months to the end of June, LGIM has seen its AUM grow to £715bn, with a significant boost coming from international assets, which saw a 67% rise to £116bn. Solutions also helped the business, with assets up 22% to £308bn. In total, external net flows increased 62% during the year to £13.8bn, compared to the same period last year, while operating profit was up 18% to £176m. In its latest set of results, the group said: "LGIM continues to expand internationally, especially in the US and Asia, which resulted in total international external AUM net flows of £5.4bn. "We h...