Legal and General Investment Management (LGIM) has posted an external net inflow of £38.1 billion in the year to end of October.
In a trading update, parent Legal & General (L&G) said inflows were well-diversified by product line and geography, with its liability-driven investments (LDI), active fixed and property funds all attracting strong interest.
By the end of October, international net inflows were £26.1 billion, with £11.3 billion from the US and a further £10.9 billion from Europe.
LGIM also said its US asset management business 'continues to deliver' with over 330 institutional clients and over $170 billion (£127 billion) of assets.
LGIM is looking to build on a stellar 2017 by building a European ETF business after recently announcing its entry one of the 'fastest growing segments in asset management'.
It has also established a regional office in Tokyo to complement its capabilities in Hong Kong.
LGIM has played a key role in what is expected to be a record year for L&G.
The firm's retirement business recorded total sales to date of £6.2 billion, with the business showing strong momentum in the UK and US institutional pension risk transfer markets, as well as in individual annuities and lifetime mortgages.
Meanwhile annuity sales generated £4.5 billion of annuity premium, consisting of: £3.3 billion of UK institutional pension risk transfer business, $0.7 billion of US institutional pension risk transfer business and £0.6 billion of UK retail annuities.
Additionally it has doubled its institutional pension risk transfer business in the US versus 2016 and has now written over $1.6 billion of US business since entering the market.
L&G chief executive Nigel Wilson (pictured) told the market: 'L&G is on track for a record year for earnings and profits. Our core business divisions are generating formidable momentum.
'Our market-leading positions and strong balance sheet, coupled with our management capability is allowing us to benefit from global growth opportunities.'