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Revealed: The best-selling fund groups of 2013

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03/02/2014
Standard Life Investments (SLI) topped the list of best-selling fund groups in 2013, a report has revealed.
Revealed: The best-selling fund groups of  2013

SLI pulled in £3.47bn of retail money last year, nearly double that of its closest rival, Old Mutual, according to the Pridham Report, which monitors fund sales and asset trends in the UK.

The group’s star attraction was its target absolute return product, the Standard Life GARS fund, the report said.

Julie Dean’s best-selling Cazenove UK Opportunities fund helped Schroders top the quarter four sales table.

The fund group pulled in £1.15bn in the three months to 31 December, with Andrew Rose’s Schroder Tokyo fund also proving popular with investors.

Other best-sellers in 2013 were Old Mutual, which benefitted from the arrival of star manager, Richard Buxton.

Artemis saw its sales take off as equity income funds regained popularity and Henderson experienced a major turnaround in its fortunes.

Author of the report, Helen Pridham said: “After absorbing New Star and Gartmore, Henderson is finally back on form, helped by a resurgent interest among investors in property and European stock markets, which are areas where Henderson is seen as having particular expertise.”

Following the announcement of Neil Woodford’s departure from Invesco Perpetual, managers with strong equity income funds made progress in the fourth quarter.

Among the groups which benefitted were Threadneedle and Royal London Asset Management.

Pridham added: “With more managers on the move, 2014 looks as though it will be another interesting year for the fund industry.”

Generally, last year proved to be a better than expected year for UK fund managers.

The report said that the combination of low interest rates, new regulation and rising stock markets helped boost equity fund sales in 2013.

Retail sales were strong in 2013, contrary to concerns that the year’s business might be blighted by the introduction of the Retail Distribution Review (RDR).

The RDR was introduced to try and make the process of seeking advice more transparent.

 

Top ten managers by gross retail sales in 2013 (£m)    
     
1 M&G £9,652.20
2 Invesco Perpetual £8,104.20
3 BlackRock £7,419.70
4 Schroders £7,376.20
5 Standard Life Inv £6,990.00
6 BNY Mellon £6,820.00
7 Threadneedle £5,016.60
8 Henderson £4,961.20
9 Fidelity £4,874.00
10 Jupiter £4,292.40

 

Top ten managers by net retail sales in 2013 (£m)
     
1 Standard Life Inv £3,471.0
2 Old Mutual Global Investors £1,817.6
3 BlackRock £1,630.6
4 Artemis £1,490.7
5 BNY Mellon £1,460.0
6 Cazenove (H1)* £1,159.3
7 Henderson £1,021.3
8 Schroders £980.2
9 AXA IM £878.3
10 Royal London £711.9
 Source: The Pridham Report

 

 

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