Kames Capital continues to out-sell giant rivals
Edinburgh-based boutique remains on list of top-selling fund providers, M&G Investments continues to dominate competition.
Kames Capital has continued to outsell major fund rivals, notching up net sales of £258m in the second quarter of 2012.
The latest Pridham fund sales report from Fundscape shows that the Edinburgh-based fund boutique rose from sixth place in the first quarter to fifth place last quarter, in the UK asset manager net sales rankings.
The group’s net sales were higher than those of many major asset managers including Fidelity, Invesco Perpetual, Schroders, Legal & General Investments, Threadneedle, Swip and Jupiter.
The report said Kames was among a handful of groups that benefited from investor demand for bond funds, also including Invesco Perpetual and Fidelity.
Leading this group was M&G Investments, which with £1.3bn of net fund sales in the second quarter - following on from industry-leading sales of £1.4bn in the first quarter - continued to cominate all competition.
Elsewhere, former third-place group Threadneedle dropped to ninth place in net fund sales terms in the second quarter.
Kames entered the top-five net fund sales lists in the third quarter of last year and has remained consistently present since then.
|
Top ten managers by net retail sales in Q1 2012 (£m) |
||
|---|---|---|
|
1 |
M&G Investments |
1,273.6 |
|
2 |
BlackRock |
566.8 |
|
3 |
Standard Life Investments |
478.0 |
|
4 |
BNY Mellon |
420.0 |
|
5 |
Kames |
258.0 |
|
6 |
Axa Investment Managers |
245.6 |
|
7 |
Cazenove Capital |
210.5 |
|
8 |
Jupiter |
187.0 |
|
9 |
Threadneedle |
162.5 |
| 10 | Scottish Widows | 132.2 |