LDI growth helped push assets at Legal & General Investment Management to £315.1 billion ($473.4 billion) at year-end 2009, up 19% from £264.2 billion a year earlier, the company said today in a preliminary year-end results announcement.
Liability-driven investment assets increased 31% to £29.9 billion as of Dec. 31, while active fixed-income assets grew 26% to £56.3 billion, in the same period.
Index-tracking fund assets rose 19% to £208.3 billion, with international ex-U.K. equity rising 36% to £73.9 billion. Actively managed investments increased 17% to £76.9 billion. Assets in structured solutions rose 31% to £29.9 billion.
Pre-tax operating profit held steady at £172 million, the same as in 2008.