This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

M&G tops sales table for third consecutive year

  • Print
  • Comment

M&G was the biggest seller of UK retail funds for the third year in a row in 2011, according to the Pridham report published by Fundscape.

M&G attracted £4.3bn of assets for 2011, in a year that saw massive outflows from funds, particularly in equities, as investors became risk-averse, the report says.

The report says that M&G’s success was fuelled by the switch by investors into bonds funds as nearly two-thirds of M&G’s gross sales in the final quarter were into its fixed income products. The firm attracted £1.2bn of net retail sales in the final quarter of 2011.

Fundscape director Helen Pridham says: “Thanks to its strong performance record, M&G continues to be the default option for investors seeking the safer haven of fixed income.”

BlackRock is in second position on the retail sales tables for both the final quarter and the whole of 2011. It attracted £278m of inflows in the fourth quarter and £1.8bn for the year.

Pridham says: “There is likely to be an increased level of turnover in the funds industry as many advisers hand over the management of client investments to discretionary fund managers, multi-manager or multi- asset funds.  However, improved net inflows may have to wait until the economic outlook recovers.” 

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


How do you plan to vote at the general election?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments