LGIM flows rise but AUM falls due to 'market movements'

AUM down to $1.3trn

Kathleen Gallagher
clock • 2 min read
Nigel Wilson, group chief executive of Legal & General
Image:

Nigel Wilson, group chief executive of Legal & General

Legal and General’s asset management business LGIM reported external net flows of £65.6bn for the first half of the year, a substantial increase from the previous year, however its overall assets under management fell due to “market movements”.

The firm reported flows of £65.6bn for the first six months of the year compared to £27.4bn for the same period in 2021. However, despite this its assets under management fell slightly to £1.29t...

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