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M&G is retail winner with second-quarter sales of £2.25bn

M&G has topped the gross retail sales rankings for the second quarter after racking up new investments of £2.25bn, according to the latest Lipper UK Fundflash.

The sales came as M&G’s £4.9bn recovery fund managed by Tom Dobell remained popular, offsetting waning interest from its corporate bond fund, Lipper says.

Invesco Perpetual ranks second on the list with sales of £1.95bn and BlackRock is third with “record” sales of £1.78bn.

The report says: “Invesco… remains as popular as ever among income investors as well as attracting backing for its Japan, Latin America and emerging markets funds.

“Meanwhile, Fidelity has chalked up the fifth highest level of gross retail sales, with its MoneyBuilder income fund leading the field.”

Gross retail sales for the industry as a while were £25bn, Lipper says, despite “election and economic uncertainty”.



Lenders knew of self-cert failings but IFAs blamed

The whole grey area of self-certified or nonstatus mortgages could do with the media getting its teeth into it to establish who was to blame in the beginning. Can you tell me of any sector of the economy where someone’s income is difficult to prove? What taxable income comes without some proof it exists? If […]

Budget verdict

If you are an IFA and would like to join the YouGov/ Money Marketing IFA panel please go to http://250club.yougov If you are interested in asking the panel questions, please telephone 020 7012 6117 Survey sample size: 231 adults. Fieldwork carried out June 11-18. All figures are from YouGov

0.14% Vote blocks F&C property merger

Shareholders in the F&C commercial property trust have voted against its proposed merger with the Ignis Investments’ UK commercial property trust. Votes in favour of the merger totalled 49.93 per cent versus 50.07 per cent of votes against.

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


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