Legal & General Investment Management has seen a 12 per cent boost in assets under management thanks to the expansion of its international business.
In the six months to the end of June the group’s AUM grew to £715bn. A large portion of this came from its international assets, which grew by 67 per cent.
In the results LGIM said: “continues to expand internationally, especially in the US and Asia.
“We have strengthened relationships and expanded distribution to accelerate our international growth and continue to see strong demand for our Solutions and Active Fixed Income (AFI) products.”
The group plan to continue to invest internationally and is expanding distribution in the US, Asia, the Gulf and Europe.
The report added that LGIM, “as a market leader in LDI [liability driven investment]” is planning “to develop its range of solutions, particularly as the pooled market and delegated solutions are expected to grow more rapidly as many pension schemes increasingly seek these solutions.”
It added: “In the US our business is well positioned to continue its positive momentum. We have experienced more success in winning index mandates from international clients and we expect this trend to continue.”
