Legal & General Investment Management (LGIM), Insight Investment and BlackRock dominate the UK institutional pensions market – and their market share is increasing, according to IPE’s latest survey of the sector.
IPE’s September edition will be published next week, and with it the latest survey of asset managers running UK institutional and pension fund assets.
LGIM continues to lead the way with €782.7bn in pension assets, followed by Insight with €609.4bn and BlackRock with €426.5bn.
Between them, the three groups account for 72% of the €2.5trn of assets covered by the survey, compared with 68% two years ago and 69% in 2018.
Within asset classes, LGIM leads the way on global government bonds, running €173.9bn. Insight is the second biggest manager in this asset class with €49.8bn.
BlackRock runs the most in global equities – €175.3bn – aided by its iShares exchange-traded fund business, while LGIM is a close second with €158.3bn. The two firms also dominate UK investment in corporate bonds, with BlackRock running €345.4bn and LGIM running €136.1bn.
Specialist real estate manager CBRE leads the way in this asset class, responsible for €22.1bn, ahead of Aberdeen Standard Investments (€21.3bn).
IPE’s UK asset managers survey covers 93 companies and will be published in full with the September edition of the magazine, out next week.