LGIM also expects to broaden its ETF lineup for sale across Europe by launching “core” products that would compete with more established players in the space, like BlackRock. The asset manager is also planning other targeted strategies, including environmental, social and governance products, thematic funds and smart beta ETFs.
“This is a natural step in our strategy to develop products for a wider audience. The acquisition of Canvas enables us to cater to a growing base of clients across Europe and to further grow our market share in both retail and institutional markets,” Mark Zinkula, LGIM chief executive, told the Financial Times.
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