Legal & General Investment Management has acquired the European ETF platform Canvas, marking a strategic expansion into Europe's rapidly growing ETF market.
Information on the Target
Legal & General Investment Management (Holdings) Limited (LGIM) has successfully acquired Canvas, the European Exchange Traded Fund (ETF) platform, previously owned by ETF Securities. This acquisition marks a notable advance in LGIM's strategy to bolster its presence in the European market, thereby enhancing its capabilities and allowing clients to access a diverse range of established and unique ETF strategies.
Canvas, with its robust infrastructure, manages approximately $3.26 billion (€2.86 billion) in assets across 20 products listed on numerous European stock exchanges and licensed for distribution in 14 countries. This acquisition will accelerate LGIM’s growth trajectory, providing a broader spectrum of products, strategic options, and regional diversification.
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Industry Overview in the Target’s Specific Country
The ETF market in Europe has been experiencing substantial growth, driven by increasing investor interest in diversified investment products. The demand for ETFs
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Disclosed details
Transaction Size: $3,260M