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LGIM acquires $2.7bn European ETF platform

Second deal in a week as ETF providers push deeper into growing European market

LGIM acquires $2.7bn European ETF platform

Legal & General Investment Management, the UK's largest fund manager, has acquired an exchange traded funds platform owned by ETF Securities, the second disposal from ETF Securities this week.

The announcement comes as competition continues to heat up in the European ETF market with the arrival of US fund giants. JPMorgan listed its first ETF in London on Tuesday, while Vanguard listed its first ETFs in Germany last month.

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