LGIM inflows shrink despite fixed income boost

International arms saw reduction in flows

L&G Investment Management has reported external net inflows dropped to £14.6bn in the first half of 2018, a decline from £21.7bn for the same period last year, as flows into the group's international arms waned.

Despite solid flows from retail clients in the UK, particularly into the fixed income range, the group said international flows were reported at £9.9bn, lower than the £17.9bn reported last year. Within its retail business, net inflows of £1.4bn were recorded, slightly lower than £1.8bn in H1 2017, with the group seeing "strong demand" for multi-asset, real asset and index products. Retail assets under management (AUM) increased to £25.1bn, a climb from £21.4bn reported at the end of June 2017, "as we continue to develop our product range and client-service proposition in the UK and b...