Legal & General Investment Management (LGIM)

We’re delighted to announce a deal with Vistry Group to provide c.£40 million in capital to build around 150 homes in Coventry. As part of L&G's Suburban Build-to-Rent platform, this partnership with Vistry Group will further our ongoing work to deliver single-family rental communities with choice, stable tenancies and flexibility across the UK. The deal will deliver a diverse mix of homes that benefit from air-source heat pumps, solar panelling, and electric vehicle charging points. Read more about the deal here: https://lnkd.in/erJrGPeQ For professional investors only. Capital at risk.

Since the COVID-19 pandemic, the overall quality of global credit markets has, on average, been improving. Many companies that fell from investment grade (IG) to high yield status during the pandemic, known as 'fallen angels', have since recovered and re-entered IG indices in 2022 and 2023. But will this trend continue? Read our view in the Q3 Active Fixed Income Outlook: https://lnkd.in/exQ6gg-i For professional investors only. Capital at risk. #FixedIncome #Credit #Markets

The ‘Sahm rule’, coined by US Federal Reserve economist Claudia Sahm, has just been triggered by rising unemployment, signalling a potential recession ahead for the world’s largest economy. James Carrick discusses whether we believe the US economy is about to stall: https://lnkd.in/eu7QfXGr For professional investors only. Capital at risk. #ChartOfTheMonth

2023 was the hottest year on record, with extreme weather events becoming more frequent. We believe investors, including insurers, have a crucial role in driving the transition to a low-carbon economy and mitigating climate-related risks. But can they achieve climate objectives without compromising financial goals? And if so, how can credit play a part? Find out here: https://lnkd.in/eTdCj45X For professional investors only. Capital at risk. #Insurance #NetZero #Sustainability

Last year, the ‘Magnificent Seven’ of top tech stocks collectively rose more than 100%, accounting for more than half of the S&P 500’s rise. It’s possible they could repeat the feat this year, despite recent market volatility. However, within this elite group there is a growing dispersion in performance – could investors crowding into these winners be storing up trouble down the line? To find out more, read our Q3 Asset Allocation outlook here: https://lnkd.in/ePEFJZyG For professional investors only. Capital at risk.

What's next for high yield? Demand for the asset class persisted as fundamentals and global growth remained robust and the yields on offer continued to appeal to many investors. While defaults have ticked up, they remain around historic averages and our view remains that spreads adequately compensate for the degree of credit risk undertaken. Read more in our Q3 Active Fixed Income outlook: https://lnkd.in/e_ZH2Rig  For professional investors only. Capital at risk.

Our Q2 2024 engagement report on our investment stewardship is now live! This quarter, we highlight key engagements across our global stewardship themes, with a focus on voting, particularly on management-proposed climate transition plans, and remuneration. We also discuss the Disney proxy fight, summarise our first climate-related shareholder resolution co-filing in Japan, and share climate case studies from our Global Research and Engagement Groups. Click here to find out more: https://lnkd.in/eS6Nw9Bn For professional investors only. Capital at risk. For illustrative purposes only. The above information does not constitute a recommendation to buy or sell any security. #ESG #InvestmentStewardship

Legal & General announced yesterday its financial results for the first half of 2024. Our parent group also shared combined Asset Management results, showing for the first time how our new division is performing. Asset Management sits at the heart of L&G’s strategy to deliver sustainable growth, sharper focus and enhanced returns. This marks a milestone in our integration, as we lay the foundations for growth and success. For professional investors only. Capital at risk.

Consensus still expects a ‘soft landing’ for the US economy – which would logically be bullish for risk assets. But in history, soft landings have been rare – and geopolitical challenges are likely to pose an ongoing threat to this rosy picture. How have we adjusted our portfolios accordingly? To find out, read our Q3 Asset Allocation outlook here: https://lnkd.in/eTexbcm4 For professional investors only. Capital at risk.

Following our recent news on the launch of the L&G Affordable Housing Fund we are delighted to announce that the Greater Manchester Pension Fund has invested £120m into the strategy. This brings total commitments into our affordable housing strategy to £280m. Our announcement today demonstrates the important role pensions capital can play in investing in tangible assets. We believe this can benefit the real economy while seeking to deliver positive societal outcomes. Read more here 👉🏻 https://lnkd.in/erdVQZ52 For professional investors only. Capital at risk.