Asset Management

LGIM’s European ETF business bled $3.6bn in 2024

UK’s largest asset manager recorded the highest ETF outflows of any provider in Europe last year

The ETF outflows come amid an overhaul of Legal & General Investment Management’s wider business
The ETF outflows come amid an overhaul of Legal & General Investment Management’s wider business Photo: Alamy Stock Photo

Legal & General Investment Management’s ETF business posted outflows of $3.6bn in Europe last year, marking the heaviest investor withdrawals of any provider in the region.

According to data from ETFGI, the outflows for LGIM occurred during a year in which Europe’s ETF industry gathered a record $270.4bn of new money.

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