M&G has topped the gross retail sales rankings for the second quarter with new investments of £2.25bn, according to the latest Lipper UK Fundflash.
M&G’s recovery fund, which has hit £4.9bn under management, remained popular, offsetting waning interest in the firm’s corporate bond fund.
Invesco Perpetual is second with sales of £1.95bn and BlackRock is third with “record” sales of £1.78bn, boosted by a surge in its European dynamic fund.
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.
“Fidelity has chalked up the fifth-highest level of gross retail sales, with its MoneyBuilder income fund leading the field.”
Gross retail fund sales were £25bn despite the “election and economic uncertainty”.
M&G also topped the list of fund firms ranked by net retail sales after a £1.1bn net inflow.
Invesco Perpetual does not feature in the net retail sales top 10.
Hargreaves Lansdown senior analyst Meera Patel says M&G deserves its place at the top and is not yet concerned that the recovery fund is getting too big to perform effectively. She adds: “BlackRock European dynamic has been superb, it is on our radar.”