The asset manager confirmed plans to grow it’s multi-asset proposition after strong Q3 results.
Legal and General Investment Management’s total assets increased by 14% to £676.3bn over the 12 months to the end of September.
In the UK, LGIM reported it was experiencing strong demand for liability driven investment strategies, with these assets increasing 22% on a year ago to £273bn.
The business saw net inflows of £8bn.
Against this backdrop, assets under management increased 27% on a year ago to £13.2bn at the end of September.
Mark Zinkula, chief executive of LGIM, said:
“Looking ahead, we expect demand for our LDI strategies to remain strong as the de-risking trend continues, both in the UK and elsewhere.
“At the same time, we are creating innovative new products relevant for our defined contribution clients.
“In particular, we’re expanding our multi-asset capabilities, with existing products growing rapidly and new products in the pipeline.”
