L&G Investment Management (LGIM) delivered a record year in 2015, with total external AUM net flows jumping to £37.7bn from £7.5bn the previous year.
The business, which reported within parent group L&G's results today, said flows had improved "across every client segment, region and product level". In the retail business, external net flows rose to £1.2bn, from £800m in 2014, driven by client appetite for index, multi-asset and property funds. Additionally, the National Grid pension scheme mandate was successfully integrated in Q4, adding around £12bn of fund flows. Index external net flows were a major highlight for the group, with sales of £2.5bn compared to £15.8bn of outflows the year before. "This was primarily due to a...
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