L&G Grows ETF Assets to $30 Billion, Opens Office
The firm is expanding its global footprint and digital distribution as it prepares to launch new active investment products.
Updated on Oct. 27, 2026 in Investing
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L&G Asset Management has surpassed $30 billion in ETF assets following a 50% growth spurt since January 2025 and is opening a new office in Luxembourg. The firm is scaling its international distribution capabilities through new leadership appointments and blockchain-enabled fund access.
Why it matters
As institutional investors increasingly seek customized portfolio exposure, L&G is positioning itself between traditional passive and active strategies. This growth reflects a broader pivot toward digital infrastructure to streamline access to global liquidity and investment products.
L&G Asset Management reports over $30 billion in ETF assets under management, a growth exceeding 50% since January 2025. The firm also oversees more than 100 billion euros for European clients and 50 billion pounds in liquidity assets.
The players
L&G Asset Management
An investment firm that manages billions in ETF and liquidity assets and provides institutional investment strategies.
Elena Marene Cardella
The Head of Index & ETF Investment Specialists at L&G.
Pauline Plunkett
The Managing Director for L&G's European asset management business.
Ludovic Le Du
The global head of ETF and Index Distribution at L&G.
SS&C Calastone
A provider of a tokenized distribution network that facilitates digital access to liquidity funds.
The details
The firm is currently expanding its international distribution through a new Luxembourg office and strategic leadership shifts. By utilizing digital and blockchain-enabled systems, such as the April 2026 integration with SS&C Calastone's Tokenised Distribution Network, L&G aims to enhance institutional efficiency. The company plans to introduce active ETFs later in 2026 to capture demand for more targeted investment exposures.
Timeline
January 2025 marked the start of the measurement period for the 50% ETF asset growth.
Elena Marene Cardella joined as Head of Index & ETF Investment Specialists in February 2026.
Liquidity funds became available via the Tokenised Distribution Network in April 2026.
Pauline Plunkett was appointed Managing Director for the European business in September 2026.
Ludovic Le Du was appointed global head of ETF and Index Distribution in October 2026.
Money Landscape
L&G's expansion follows the industry shift toward blockchain-enabled fund distribution to replace legacy clearing systems. The move highlights a broader trend among major managers seeking to bridge the gap between traditional passive indexes and active, targeted investment strategies.
The firm's shift toward digital distribution via tokenized networks may lower the friction for accessing certain liquidity funds for professional and institutional investors. Investors should consult with a financial advisor to understand how these expanding active ETF options might fit into their broader portfolio strategy.
The takeaway
L&G is rapidly expanding its footprint in the ETF and liquidity space by embracing digital distribution infrastructure. Investors tracking institutional-grade fund providers should monitor for the release of the firm's planned active ETFs later this year.
What happens next
L&G expects to introduce a new range of active ETFs later in 2026.
Further reading
For broader trends in portfolio management, visit our Investing section.
Source note: This article includes information reported by Delano.
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