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LGIM hopes for Asian ‘breakout’ to reduce UK dependence

Fund manager focuses on international growth as its traditional UK pensions indexing business contracts

Legal & General Investment Management, the UK’s top homegrown fund manager, has set its sights on Asia — in the next stage of a plan to reduce its dependence on its home market.

On March 6, LGIM reported that it surpassed £1tn under management for the first time at the end of 2018 — the first British company to do so — putting it among the world’s biggest investment businesses.

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