L&G Talks Asset Management

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407

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Jun 2026

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About the show

What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. From Trump's tariffs to irrational investors, L&G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. To find out more, visit https://am.landg.com/en-uk/institutional/insights/ L&G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&G. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

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June 4, 2026Episode 41122 min

411: In the room: how investment decisions are made

What really drives an investment decision and what happens before a trade ever reaches your portfolio? L&G’s Francis Chua, Fund Manager, and Chris Franklin, Investment Specialist in our Asset Allocation team take us behind the scenes to unpack what the decision-making process actually looks like in practice. The discussion moves beyond models and market headlines to explore how views are formed, challenged and, at times, leftunresolved.From the first signal, whether new data, market dislocation or a divergence in views, through to scenario analysis and portfolio positioning, the conversation highlights a process shaped less by prediction and more by preparation.Along the way, the team examine how disagreement sharpens outcomes, how conviction is expressed through sizing, and why “no action” can still be a deliberate choice.They also unpack the role of external perspectives, the importance of structured debate, and how behavioural biases are identified and managed in real time.This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 19 May 2026.For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security

May 28, 2026Episode 41018 min

410: Keeping tabs on digital infrastructure

On this week’s episode of L&G Talks Asset Management, we sit downwith Achal Arora, Managing Director of Digital InfrastructureInvestments.With digital infrastructure increasingly being seen as critical tomodern economies, Achal runs down some of the ongoing trends in thesector and how investors should understand present dynamics.Among topics discussed are the influence of artificial intelligence,reasons for a current focus on data centres and why clean powerinfrastructure and digital infrastructure are converging.This podcast was moderated by Nick Jardine, Content Manager and wasrecorded on 20 May, 2026.Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass.

May 21, 2026Episode 40928 min

409: Systematic solutions: meet the team behind the strategies

What is meant by the term ‘systematic solutions’? Why are they increasingly important for investors? And how is AI changing the way they are constructed?In this podcast we hear from three key members of L&G’s systematic solutions capability to discover the answers to these questions. Our speakers are: Elena Cardella, Head of Index & ETFs Investment Specialists Boyang Liu, Head of Systematic Solutions Raj Shah, Senior Quant & Factor Strategist - Index Solutions. This podcast was recorded on 15 May 2026 and is hosted by Luka Lukic, Product Proposals Specialist.For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.L&G AUM figures as at 31 December 2025. Excludes assets managed by associates (Pemberton, NTR, BTR). The AUM includes the value of securities and derivatives positions and may not total due to rounding.

May 14, 2026Episode 40518 min

405: Do charities suffer from money illusion?

Money illusion is one of the most common behavioural biases and with nearly £30 billion held in cash, are UK charities assuming that the most cautious investment is also the safest choice?L&G’s Nancy Kilpatrick, Head of Charities and Andrzej Pioch, Fund Manager and the Head of Risk Targeted Funds explore the risks that may be hiding in plain sight: the risk of holding too much cash, what that actually costs charities and how Trustees could be thinking about their investments.They discuss: The scale and risks of the cash challenge Practical first steps that Trustees can take to put their reserves to work How recent volatility and macro events have highlighted potential concentration risk This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 30 March 2026.For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a lossin a declining market.For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security

May 12, 2026Episode 40824 min

408: Unpacking the US Investment Outlook

In today’s fast-moving investment landscape, we believe staying ahead means looking beyond the headlines—understanding how powerful structural shifts like AI disruption can reshape markets, alongside ongoing geopolitical volatility.In this edition of L&G Talks, Jason Shoup (US CIO), Jason Becker (Head of US Credit Strategy), Anthony Woodside (Head of Multi-Sector Fixed Income & Investment Strategy), and Dan Dreher (Solution Strategist) joined us for our first US-based conversation. They helped us unpack L&G’s Q2 US Investment Outlook, discussing: Why AI disruption may be the bigger, longer-lasting market force than episodic geopolitical shocks Insights into fixed income markets, including our base-case outlook for rates and spreads over the next quarter Where AI buildout spending is creating private credit opportunities—and the red flags to watch for How we think about AI-related opportunities in equities

May 6, 2026Episode 40725 min

407: In conversation with Jo McCaffrey: leading through change

L&G’s Chief Strategy and Product Officer Jo McCaffrey talks to Chief Marketing Officer Andy McQuillan about the rapidly accelerating evolution of asset management, and her personal ascent through the industry.In this wide-ranging and candid interview, Jo and Andy discuss the challenge of leading through change from three distinct perspectives: How asset managers can adapt to meet changing client needs The importance of culture in enabling team performance What it takes as an individual to achieve your ambitions For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.

April 23, 2026Episode 40618 min

406: All eyes on Affordable Housing

L&G’s Affordable Housing platform is a demonstration of how investing in real assets has the potential to make a real difference.Aside from offering a potentially compelling opportunity for institutional investors, the provision of these homes addresses a critical societal need. In our latest podcast, we turn our attention to this space, while also noting some exciting recent developments around L&G’s efforts in Affordable Housing.Joining us on the podcast this week we have: Ali Farrell, Head of Impact Strategies for Real Estate, L&G Shaun Holdcroft, Head of Affordable Homes, L&G This podcast is moderated by Nick Jardine, Content Manager at L&G.All data is from the UK’s Ministry of Housing, Communities and Local Government as of March 2025.Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass.

April 16, 2026Episode 40423 min

404: Behaviour, data and technology: the DC outcomes equation

This episode explores how the DC industry – and L&G – can move from member engagement to action, at a time when new research* indicates that 41% of working people aged 25 to 55 are not on track for the retirement income they’ll need.DC Close Up host Lesley‑Ann Morgan, Global Head of DC in our Asset Management business, is joined by Jenny Hazan, Director of Customer Strategy and Engagement at L&G. Together, they discuss why the biggest challenge in DC pensions is not participation but adequacy – and why information alone rarely changes behaviour.Drawing on examples spanning compound growth, behavioural biases and artificial intelligence (AI), this episode considers how behavioural science, data and technology must work together to support better member outcomes.This podcast was recorded on 31 March 2026. All information and views from L&G as at date of recording. *Decades Ahead research launched by L&G and research partner Public First on the 18 March 2026.https://group.legalandgeneral.com/en/about-us/our-purpose/safeguarding-financial-futures/decades-aheadFor professional investors only. Capital at risk.Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. The information in this podcast is for information purposes only and we are not soliciting any action based on it. It is not a recommendation to buy or sell securities or pursue a particular investment strategy. It is not investment, legal, regulatory or tax advice.

April 9, 2026Episode 40319 min

403: The case for dynamic duration management in credit portfolios

In this episode, Amelie Chowna, Head of Fixed Income Strategic Initiatives and Alex Mack, Head of Inflation and Rates explore the role of duration in fixed income portfolios and ask if it is a consistently reliable hedging tool. They also discuss why they believe it is important to manage duration dynamically in unconstrained bond portfolios across varying market conditions. This episode was recorded on 24 March 2026. All data from L&G and/or Bloomberg as at 31 December 2025. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass. It should be noted that diversification is no guarantee against a loss in a declining market.

March 26, 2026Episode 40229 min

402: Prepare don’t predict: Tackling geopolitical uncertainty

We can’t predict how geopolitical events unfold, but how do investors adapt to market stress and maintain portfolios that remain robust regardless of the headlines?L&G’s Chris Jeffery, Co-Head of Asset Allocation and Head of Macro; Aimee Bowkett, Fund Manager; and Chris Teschmacher, Fund Manager and Head of AA Investments Specialists discuss: Why uncertainty feels so acute and why the data tell a different story How ‘reckless prudence’ means being too cautious could be a genuine risk Regret, diversification and the cost of being prepared For more insight into the team’s prepare don’t predict philosophy, read their playbook for geopolitical risk management and why uncertainty isn’t the enemy. Please see the links below.Playbook for geopolitical risk management - https://blog.landg.com/categories/investment-strategy/prepare-dont-predict-prepare-dont-predict-a-timeless-playbook-for-geopolitical-risk-management/ Why uncertainty isn’t the enemy – https://blog.landg.com/categories/investment-strategy/prepare-dont-predict-why-uncertainty-isnt-the-enemy/ This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 16 March 2026.For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.