Legal and General

In the immediate aftermath of the EU referendum, the spotlight fell on UK property and those who invest in it, writes Michael Barrie, director of fund management - property, at Legal & General Investment Management.

Total AUM £841.5bn at end of June

Met all post-Brexit redemption requests

The UK economy has provided a relatively supportive backdrop for the consumer over the past year, who have benefitted from jobs growth, cheaper oil, and a near-zero inflationary environment.

Lowest TER now 5bps

Follows calls from Schroders

Reflects costs of running fund

Stronger retail showing

Writes to FTSE-350 companies

Legal & General Investment Management(LGIM) is launching a range of three multi-index income funds to meet growing demand for these kinds of vehicles.