L&G’s £80b retirement fund increases Asia exposure

The UK's Legal & General has a small proportion of its £80 billion ($103 billion) institutional retirement portfolio invested into Asian assets, but that exposure is rising, with the British insurance and savings giant taking a favourable view of the region’s prospects. “Our allocation to Asia is increasing,” the firm’s head of investment solutions, Sumit Mehta, told AsianInvestor last week, while declining to reveal its current size. LGRI's public market investments will rise…