L&G, Nikko Join Hands In Investment, Distribution Pact

Tom Burroughes

12 May 2016

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.