You are here: Home - Investing -

Revealed: The best selling fund groups of quarter one

0
Written by:
09/05/2014
Old Mutual Global Investors has topped the fund sales chart for the first three months of the year.

The arrival of star manager Richard Buxton helped the group attract £857m worth of net inflows in quarter one, with Buxton’s UK Alpha fund its best-selling product.

Standard Life Investments and Henderson took second and third place, with £642m abd £619m respectively, according to The Pridham Report, which monitors quarterly fund flows.

Although total net sales were down in the quarter, gross sales increased indicating higher levels of switching activity.

M&G topped the leaderboard, regaining the lead from Schroders.

M&G’s gross sales were 20 per cent higher than the same period last year, thanks to strong inflows into its Optimal Income, Global Dividend and Property funds.

Invesco Perpetual continued to enjoy steady sales flows into its High Income and Distribution funds “indicating that many investors either didn’t know or didn’t care about Neil Woodford’s imminent departure”.

According to the report, the first quarter of the year has traditionally been the peak time for fund sales as investors rushed to max out their ISA allowances before the end of the tax year.

But this year net retail fund sales were down as investors took up their ISA allowances early in the tax year instead. This trend follows a similar pattern to last year.

Top ten managers by gross retail sales in Q1 2014 (£m)

M&G                                          £2,537.9
Schroders                                 £2,431.9
Invesco Perpetual                    £2,219.2
Standard Life Inv                      £1,987.9
Old Mutual Global Investors      £1,575.0
Henderson                                £1,480.5
BNY Mellon                                £1,470.0
BlackRock                                  £1,352.1
Fidelity                                      £1,293.0
Threadneedle                            £1,278.1

Top ten managers by net retail sales in Q1 2014 (£m)

Old Mutual Global Investors     £857.0
Standard Life Inv                     £642.5
Henderson                               £619.6
Artemis                                     £509.3
Schroders                                 £482.8
Kames                                      £431.0
Royal London                           £414.9
Barings                                     £361.7
Baillie Gifford                            £264.5
Legal & General                       £263.9

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Octopus steps in to buy Shell Energy – what customers need to know

The deal is expected to complete in the fourth quarter of 2023 and will take Octopus Energy’s retail supply ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week