Legal & General Investment Management, the UK’s largest fund manager, will begin chasing money in Europe’s fiercely competitive market for exchange traded funds before the end of the year.
LGIM acquired Canvas, a £2.4bn platform that helps fund managers build ETF products, last November. It said at the time that it wanted to target opportunities in Europe, where the ETF market is dominated by the likes of BlackRock’s iShares, Lxyor Asset Management and Deutsche Bank’s Xtrackers.
