Biggest U.K. Index Manager Eyes a Future That's More Active
- LGIM says clients need better returns than passive can provide
- CIO sees factor investing blurring lines between strategies
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Legal & General Investment Management may be the U.K.’s largest manager of index funds, but it doesn’t want to be pigeon-holed as a passive investor.
Executives at the $1.3 trillion money manager say its focus is to build out the active business, even though the company just did a deal that will see it sell exchange-traded funds for the first time.