Cross-border lending in Asia Pacific continues to grow steadily despite external factors such as COVID-19. While the region is not immune to external factors, borrowing volumes for financial institutions, credit funds and other market participants remain high in Asia Pacific. Considering the demographics of many of the nations, the various financial centers and many market participants investing more substantially in some of those financial centers, we remain optimistic that lending activity across Asia Pacific will continue to grow.
H1 2021 results round-up: LGIM sees flow boost thanks to ETF focus
Managers report on first half of 2021
Investment Week
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Asset managers reveal trading updates for H1 2021
Asset managers report on their successes and failures during the first half of the 2021, as investor sentiment remains strong despite continued lockdowns across Europe.
Legal and General Investment Management Legal and General Investment Management (LGIM) has reported net external flows of £27.4bn for the first half of 2021, significantly higher than £6.2bn of flows.
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High inflows of +€22bn in MLT assets, driven by active management in particular
Amundi’s assets under management totalled €1,794bn at 30 June 2021, an increase of +12.7% year-on-year and +2.2% vs. the end of March 2021.
In very favourable market conditions (average equity market increase of 36% year-on-year and +8% in Q2
9
leading to
) and seasonal outflows in treasury products (-€17.0bn excl. JVs).
In total, net flows amounted to +€7.2bn over the quarter:
In Retail
,
inflows were once again robust in MLT assets (+€9.5bn vs. +€7.8bn in Q1 2021), driven by most customer segments, specifically third-party distributors (+€4.4bn), as well as international networks (+€3.2bn), particularly in Italy and Spain (Banco Sabadell network). The new subsidiary Amundi BOC Wealth Management showed solid business activity (+€2.5bn) thanks to ~30 fund launches in Q2; AuM stood at €3.5bn after just six months. In the French networks, inflows were slightly negative (-€0.
H1 2021 results round-up: 'Disappointing' outflows persist at Jupiter despite successful Merian integration investmentweek.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentweek.co.uk Daily Mail and Mail on Sunday newspapers.