Legal & General Investment Management reported assets under management of £320 billion ($510 billion) as of June 30, down 3% from three months earlier but up 18% from a year earlier, according to the firm’s semiannual report issued Wednesday.
First-half operating profit was £97.8 million in 2010, up 32% from the same period last year.
Gross inflows for the first half of 2010 were £21.2 billion, up 49% from the first half of 2009.
The company did not report profit or inflow comparisons to the quarter ended March 31.
LGIM has diversified from its passive and domestic roots; 30% of new business came from active and derivatives-based mandates, up from 21% in the first half of 2009, and 15% came from non-U.K. clients, up from 8% in the first half of 2009.