Asset manager Legal & General is joining the growing market for exchange-traded funds with its acquisition of L&G platform Canvas. European ETF said the purchase from ETF Securities is part of its expansion in Europe and fits the company's focus on new products shaping the investment market. The deal will see European ETF assume management of about $2.7bn of assets.
Asset manager Legal & General is joining the growing market for exchange-traded funds with its acquisition of European ETF platform Canvas. L&G said the purchase from ETF Securities is part of its expansion in Europe and fits the company's focus on new products shaping the investment market. The deal will see L&G assume management of about $2.7bn of assets.