If a company doesn’t produce a dividend and is unlikely ever to, it is of relatively little interest to us
One of Europe’s biggest institutional investors plans to increase its active investments
Legal & General is bucking the wider investment trend and becoming more active. One of the largest life assurance companies in the UK, the firm’s asset management subsidiary – Legal & General Investment Management (LGIM) – has total funds of more than £735 bn ($1.15 tn). Historically, the majority of LGIM’s equity assets have been indexed, making it the second-largest institutional index manager in Europe after BlackRock.
Lance Phillips, Legal & General
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