Press releases
LGIM statement on Ukraine
At LGIM we are deeply saddened by the situation in Ukraine and our thoughts are with the Ukrainian people.
1 Mar 2022
The invasion of Ukraine contravenes almost every measurable Environmental Social and Governance (ESG) metric. LGIM has already where possible, reduced our clients’ exposure to Russian securities. Opportunities to de-risk positions in sanctioned Russian companies have been limited, and given that the market is now effectively frozen for foreign investors, we continue to monitor the situation and reduce holdings if and when market conditions allow.
Our total exposure to Russia is small; approximately 0.1% of our assets under management. This is mainly held through index funds and ETFs and we are actively working with the major index providers to confirm Russia’s future role in global indices.
These are exceptional times for investors. We are engaging with the Boards and management teams of companies who have exposure to Russia via their businesses, and are drawing on previous experience in dealing with sanctions of this nature. This is a challenging situation for all Boards with exposure to Russia. In the coming days, we will continue to act and deliver as a responsible investor on behalf of clients.
Further information
Andrew Gates
Senior PR Manager
Legal & General Investment Management
T: +44 (0)20 3124 4363
Notes to editors
Legal & General Investment Management
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.4tn, €1.4tn, CHF 1.4tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
*at 31 Dec 2022
1LGIM internal data as at 31 December 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.
Important Information: For professional clients only. Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Views expressed are of LGIM as at 17/02/2023. The Information in this document (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice.