Legal & General Investment Management, part of the UK insurer, attracted £10.8bn (€15.8bn) of new institutional funds in the first six months of the year, over 50% more than in the same period last year. Passively-managed equity and bond mandates accounted for more than 80% of the new business.

Actively managed bond mandates accounted for 17% of the new business, with the remainder from active equities, private equity and property.