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