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Who topped The Platforum fund ‘influencers’ survey?

Holly Mackay

Invesco Perpetual’s Neil Woodford, Axa Framlington’s Nigel Thomas, Old Mutual’s Richard Buxton, BlackRock’s Richard Plackett and M&G’s Richard Woolnough have been recognised as the five best fund managers in the UK in a study by The Platforum.

A study of 12 fund “influencers” with aggregated assets of over £100bn resulted in only nine individual fund managers and groups being named as leaders in the fund management industry by more than half of interviewees.

The fund groups named by the majority of respondents were Aberdeen, First State, Invesco Perpetual and M&G. 

The Platforum managing director Holly Mackay says: “We are well on our way to an era of blockbuster funds, big brand names and seeing 10 fund manager names mop up most of the retail assets.

“If you are a multi-manager, you have a bit more freedom. If you are managing a model, it is all about sticking to the risk profile and managing the brand expectations that additional transparency brings.”

The “influencers” included direct platforms, building societies, ratings agencies, research centres, model portfolio providers and discretionary fund managers.

Concerns about emerging markets were expressed by the 12 who said there was increasing capacity issues in the global emerging markets sector. This followed announcements that Aberdeen is looking to slow flows into its GEM funds and First State is set to soft-close its Global Emerging Markets Leaders fund in September.

The influencers claim there is little in the way of alternatives to Aberdeen or First State in the emerging markets sector.

Research from The Platform shows as at the end of June, three million clients had around £255bn assets on platforms in the UK with around £50bn of that in model portfolios.


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