2011 was a challenging year for bond markets and LGIM has been able to continue to deliver strong performance for its clients across the major credit asset classes despite these volatile times. Good progress has been made in developing a product range and skilled team capable of meeting the needs of an increasingly sophisticated and internationally diverse client base. During the year the Fixed Income team deepened its expertise and resources in investment strategy, global investment grade and high yield credit and global rates.
LGIM’s focus has shifted towards developing products which embrace global diversification, as we continue to respond to client demand. This has also led us to increase our focus on non-market benchmarked products.