REG - Legal & General Grp - Q3 2014 Interim Management Statement <Origin Href="QuoteRef">LGEN.L</Origin> - Part 2
04/11/2014 08:06
- Part 2: For the preceding part double click ID:nRSD0465Wa
At 31 March 2014 270.4 95.2 76.5 11.9 8.6 462.6 168.3 - 630.9
Acquisition of GIA assets - - - - - - - 13.4 13.4
External inflows 5.8 1.8 2.6 0.3 0.1 10.6 10.6
External outflows (13.4) (1.5) (0.9) (0.1) (0.1) (16.0) (16.0)
Overlay / GIA advisory net flows - - - - - - 7.1 0.1 7.2
External net flows3 (7.6) 0.3 1.7 0.2 - (5.4) 7.1 0.1 1.8
Internal net flows 0.1 (1.3) 0.7 0.2 (0.1) (0.4) - - (0.4)
Total net flows (7.5) (1.0) 2.4 0.4 (0.1) (5.8) 7.1 0.1 1.4
Market and other
movements3 5.8 3.0 (0.7) 0.5 (0.3) 8.3 (0.5) 0.2 8.0
At 30 June 2014 268.7 97.2 78.2 12.8 8.2 465.1 174.9 13.7 653.7
External inflows 5.4 1.4 1.3 0.3 - 8.4 8.4
External outflows (8.6) (1.9) (1.4) (0.2) - (12.1) (12.1)
Overlay / GIA advisory net flows - - - - - - 2.5 - 2.5
External net flows3 (3.2) (0.5) (0.1) 0.1 - (3.7) 2.5 - (1.2)
Internal net flows (0.2) (0.9) 0.1 (0.1) (0.1) (1.2) - - (1.2)
Total net flows (3.4) (1.4) - - (0.1) (4.9) 2.5 - (2.4)
Market and other
movements3 5.2 1.7 9.5 0.4 (0.2) 16.6 7.9 0.5 25.0
At 30 September 2014 270.5 97.5 87.7 13.2 7.9 476.8 185.3 14.2 676.3
1. Solutions includes liability driven investments and multi-asset funds.
2. Overlay assets comprise derivative notionals associated with Solutions business.
3. External net flows exclude movements in overlay assets which have a short maturity period as determined by client agreements (Q1 14: £33.8bn; H1 14: £33.3bn;
Q3 14: £41.2bn) and hence are subject to a higher degree of variability. The movement in these assets is therefore included in market and other movements.
Legal & General investment management assets quarterly progression (continued)
Active
Index fixed Solu- Active Total Overlay Total
For the year ended funds interest tions1 Property equities AUM assets2 assets
31 December 2013 £bn £bn £bn £bn £bn £bn £bn £bn
At 1 January 2013 243.2 82.2 64.0 8.9 7.7 406.0 136.7 542.7
External inflows 11.0 2.2 1.1 0.1 - 14.4 14.4
External outflows (7.1) (0.9) (1.1) - (0.1) (9.2) (9.2)
Overlay net flows - - - - - - 2.5 2.5
External net flows3 3.9 1.3 - 0.1 (0.1) 5.2 2.5 7.7
Internal net flows 0.1 (0.7) 0.1 - - (0.5) - (0.5)
Total net flows 4.0 0.6 0.1 0.1 (0.1) 4.7 2.5 7.2
Market and other movements3 20.1 2.0 7.3 0.3 0.8 30.5 3.8 34.3
At 31 March 2013 267.3 84.8 71.4 9.3 8.4 441.2 143.0 584.2
External inflows 6.2 1.3 4.6 0.2 - 12.3 12.3
External outflows (7.9) (0.5) (0.7) (0.1) (0.3) (9.5) (9.5)
Overlay net flows - - - - - - 3.2 3.2
External net flows3 (1.7) 0.8 3.9 0.1 (0.3) 2.8 3.2 6.0
Internal net flows 0.4 (0.8) 0.6 - - 0.2 - 0.2
Total net flows (1.3) - 4.5 0.1 (0.3) 3.0 3.2 6.2
Market and other movements3 (3.9) (1.9) (5.0) - (0.4) (11.2) (0.5) (11.7)
At 30 June 2013 262.1 82.9 70.9 9.4 7.7 433.0 145.7 578.7
External inflows4 8.0 4.8 2.2 0.4 0.1 15.5 15.5
External outflows (8.3) (2.0) (1.7) (0.1) - (12.1) (12.1)
Overlay net flows - - - - - - 3.3 3.3
External net flows3 (0.3) 2.8 0.5 0.3 0.1 3.4 3.3 6.7
Internal net flows - 0.6 - 0.1 (0.1) 0.6 - 0.6
Total net flows (0.3) 3.4 0.5 0.4 - 4.0 3.3 7.3
Market and other movements3 3.2 1.4 0.1 0.6 0.3 5.6 2.4 8.0
At 30 September 2013 265.0 87.7 71.5 10.4 8.0 442.6 151.4 594.0
External inflows 6.1 2.7 0.7 0.3 - 9.8 9.8
External outflows (8.5) (1.6) (1.7) (0.1) - (11.9) (11.9)
Overlay net flows - - - - - - 2.2 2.2
External net flows3 (2.4) 1.1 (1.0) 0.2 - (2.1) 2.2 0.1
Internal net flows 0.2 (0.8) 0.1 0.1 (0.1) (0.5) - (0.5)
Total net flows (2.2) 0.3 (0.9) 0.3 (0.1) (2.6) 2.2 (0.4)
Market and other movements3 7.0 1.4 (0.2) 0.6 0.7 9.5 8.5 18.0
At 31 December 2013 269.8 89.4 70.4 11.3 8.6 449.5 162.1 611.6
1. Solutions includes liability driven investments and multi-asset funds.
2. Overlay assets comprise derivative notionals associatedRecent news on Legal & General
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