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LGIM Raises U.S. Equity Exposure

L&G Investment Management has increased its equity focus to U.S. and other developed markets from emerging markets.

L&G Investment Management (LGIM) has increased its equity focus to U.S. and other developed markets from emerging markets, Investment Week reports. The group’s multi-managers, Alan Thein and Tim Gardner, have increased U.S. equity exposure up 5% to 13%.

As per the multi-managers, the labor and wage market in the U.S. is improving, which will boost consumer spending in 2011. The firm’s economist, Tim Drayson, is focusing on the rising inflation levels across emerging markets as opposed to developed countries.

Click here for the story from Investment Week.

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