Asset Management
L&G, Nikko Join Hands In Investment, Distribution Pact
Two big names in asset management have formed a reciprocal agreement to boost their distribution reach in countries including Japan and the UK.
Two investment management big-hitters with combined client assets
of around $1.254 trillion are joining forces in a pact that will
see fixed income products sold to the Japanese market.
The pact involves Nikko Asset Management and Legal & General
Investment Management. LGIM and Legal & General Investment
Management America will provide global fixed income products that
Nikko AM will distribute to Japanese investors - primarily
Japanese insurance companies and banks, according to a statement
yesterday.
The first funds are expected to launch in the middle of this
year. LGIM has also agreed to help market and sell Nikko AM’s
products in the UK and other countries.
Nikko AM has $153.7 billion of assets under management; LGIM
oversees around $1.1 trillion in AuM.
