Legal & General Investment Management enjoyed a 33% leap in net inflows over the six months to June, compared to the same period in 2011, as impressive gains from its active managers more than offset outflows from its renowned passive strategies.

LGIM said today that fixed-income strategies, including liability-driven investment, attracted £4.5bn worth of net new money in the first half of 2012. But its passive strategies suffered net outflows of £500m. An LGIM spokesman pointed out the outflow from passive styles was small; £8.2bn of new money was booked against outflows of £8.7bn that were largely down to maturing pension mandates in the UK.