L&G’s 9-Month Net Cash Rises 14% to £943M

Legal & General Group Plc, the largest manager of U.K. pension assets, reported an increase in cash generation and 21.7 billion pounds ($33.5 billion) of net inflows into its investment unit in the first nine months. Net cash generation rose 14 percent to 943 million pounds from the year-earlier period. A 161 percent increase in external net inflows at its Legal & General Investment Management unit helped lift assets under management 8 percent to 717 billion pounds. Chief Executive Officer Nigel Wilson spoke to Bloomberg’s Anna Edwards and Guy Johnson on “Countdown.”

Why Pimco Is Attracting So Much Money
58:07 - Bloomberg's John Gittelsohn discusses Pacific Investment Management Co.'s record inflows with Bloomberg's Vonnie Quinn on "Bloomberg Markets." (Source: Bloomberg)
  • Chongyang’s Wang Says Violent Phase of Deleveraging Over
  • Full Show: Surveillance (07/25)
  • Grading the Markets After Six Months Under Trump