Commenting on The London Stock Exchange Group’s (LSE) confirmation that it is in talks to buy data analytics firm Refinitiv for $27 billion, Mike Fox, head of sustainable investments at RLAM, said:
“We agree that data is becoming more important in financial markets, and that LSE should strategically develop in this direction. The assets being bought have been somewhat off the radar for UK investors since Thomson bought Reuters and they were subsequently spun out in to Refinitiv. We are eager to hear more from management as to their quality and ability to integrate them.”
RLAM holds 0.98% of LSE, circa 3.4m shares, £194.7m.
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About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £130 billion of assets and employs 98 investment professionals as at end March 2019. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued July 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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