Legal & General investment arm nets £4bn of fund inflows
Investment business sees net inflows of £4bn in the first half of 2012, up 33% on the £3bn inflow seen in the same period last year.
Legal & General Investment Management (LGIM) has reported a 33 per cent rise in net inflows in the first half of 2012.
The group said inflows in the first half were £4bn, compared to £3bn in the same period last year.
LGIM’s total asset under management rose by £10bn to £381.3bn at the end of the first half, compared to a year erlier.
Total revenues in the first half were 7 per cent higher than the same period last year, at £205m.