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 after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
Comes months after rival Schroders unveils its own low-cost model portfolios
Fund’s assets failed to get above £50m since launching in 2018
The LGIM multi-index team has been underweight US stocks during 2020 due to concerns about mega caps
Deal brings in £5.8bn AUM and follows hot on the heels of Cavendish Online purchase
Half-year results also revealed launch of real assets fund aimed at pension funds and other institutional investors
Previous freemen of the City of London include Nelson Mandela, Bill Gates and Judy Dench
LGIM’s head of retail multi-asset spots opportunities in high yield and diversification beyond the ‘usual suspects’
LGIM was able to navigate Brexit liquidity problems but has now been hit by valuation uncertainty
World’s largest pension fund helps group’s assets under management hit £1.2trn
Former BBC Newsnight correspondent to return to journalism