LGIM assets up 7% as investors turn to ETFs
More than a 50% increase in ETF AUM over H1 2021 to $13bn
More than a 50% increase in ETF AUM over H1 2021 to $13bn
Comes a week after firm reported 71% jump in AUM for the year to end of March
Final dividend totalling £400,000 as post-tax profit for the year ended September 30, 2020, hit £1.9m
But maintains its £23.5m dividend
Platform provider also posts a 21% increase in revenue for the six months to end of March
It was the third top selling fund group in Q1 with £924m of net retail sales
SJP attracts £2.9bn of net inflows, while Schroders buoyed by funds business
Charles Stanley ‘cautiously optimistic’ worst of pandemic is over while Brooks Macdonald ‘on track’ to meet expectations
The merger of two firms in November last year has cost £4.5m
Asset manager that spun out of Investec also suffers loss of institutional mandates in global strategies
Wealth management division suffered fall in profits but AUM increased
Comes after ONS revealed record spike in household savings in Q2