Asset manager Legal & General is joining the growing market for exchange - traded funds with its acquisition of European ETF securities Canvas . L&G said the acquisition from ETF securities is part of its expansion in Europe and fits the company 's focus on new products in the emerging market . The deal will see L&G 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.