Year-to-date net inflows grew 28% to £4.6bn, though this was mostly driven by its international clients, including new flows from the US, the Gulf and Europe, as well as its first mandate from China.
The strongest business areas have been its liability driven investment solutions and its actively-managed fixed income products with inflows of £3.3bn during the period.
The US business, LGIM America, now has 31 external clients – almost double of that achieved in 2011 – and $31bn (£19bn) of assets under management. Its offering has been boosted by regulatory approval to market its index-tracking products in this market.
At the end of Q3 2012, LGIM’s total international assets under management were up 25% compared to full year 2011 at £39bn.