On Wed 5th August 2015, the FTSE 100 insurance giant, Legal and General [www.legalandgeneral.com] published their half yearly results.

[http://www.legalandgeneralgroup.com/media-centre/press-releases/2015/grouppressrelease-2015halfyear-operatingprofitup18netcashup11roe19.html]

Legal and General a pioneer in low cost index tracking funds is now a massive player in the asset management industry.

The results are incredible.

Assets Under Management stand at £714.6 Billion.

To put that figure into context that is about 50% of the UK Annual GDP.

It’s major shareholders are:

Blackrock, Inc 5.1% holding

AXA 4.3% holding

The Capital Group Companies 5.0% holding

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10055&action=

A yield of over 4% on the stock for a company that effectively owns over 5% of every UK listed company.