Legal & General Investment Management reported assets under management of £746.1 billion ($1.11 trillion) as of Dec. 31, a 4.1% increase for the quarter and up 7.6% for the year.
Assets under management for international clients increased 7.4% to £122.4 billion over the year, and were up 3.9% for the three months ended Dec. 31, said preliminary figures in a financial update Tuesday.
Total third-party net inflows over the year were £37.7 billion in 2015, compared with £7.5 billion a year previous. For the quarter, third-party net inflows were £16 billion, compared to net inflows of £7.9 billion of net inflows for the three months ended Sept. 30.
International assets under management net inflows were £9.5 billion for the year ended Dec. 31, up from £8.7 billion for the year ended Dec. 31, 2014. “This was primarily driven by growth in the U.S. of £6.3 billion,” said the update, compared with £6 billion in 2014.
International net inflows were £1.5 billion for the quarter ended Dec. 31, vs. £2.6 billion for the three months ended Sept. 30.
Assets managed on behalf of U.K. defined contribution plans increased to £46.1 billion, up 13.3% over the year. Quarterly figures were not available.
