Legal & General Investment Management (LGIM) saw its total assets under management increase by 18% in H1 2016 compared to the previous year, despite volatile market conditions which saw its operating profit fall 3%.
Total AUM for the period ended 30 June 2016 came in at £841.5bn, up from £714.6bn in H1 2015, with retail AUM increasing to £21.4bn from £18.9bn. LGIM's retail business saw external net inflows of £700m, more than double the £300m seen in the first half of last year, despite a "difficult market for investors". Index funds saw net inflows of £1.6bn, compared to £1.2bn in H1 2015, though inflows into active fixed income fell to £1.3bn from £2.3bn. The real asset business also saw lower inflows of £100m, compared to £400m. However, as a result of political and economic uncertainty thr...
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