Standard Life Investments has jumped to the top of the fund sales charts in the second quarter, according to the latest Pridham report.
SLI attracted net retail sales of £961.4m in the three months to the end of June, ahead of Woodford Investment Management, the report showed.
The group benefited from its Global Absolute Return Strategies (Gars) fund and its multi-manager MyFolio range.
However, the Gars fund suffered its first quarterly loss since the middle of 2013 in the second quarter.
The mammoth £25.9bn fund lost 1.5 per cent in the second quarter, performing worse than its sector, the IA Targeted Absolute Return sector, which lost just 0.3 per cent in the same period, according to data from FE Analytics.
Elsewhere, Old Mutual jumped up to third, aided by its takeover of Cirilium, the multi-asset boutique.
Henderson and Fidelity fell to seventh and eighth, beat out by 7IM, Legal & General and Hargreaves Lansdown.
Helen Pridham, editor of the Pridham Report said: “There were mixed results for groups in the second quarter. Among the top 10 groups for gross and net retail sales, there was an almost even split between those which saw their business increase and those which saw a decline.”
The results come as the the amount of money in UK-domiciled funds plummeted from £899bn at the end of May to £863bn a month later, according to data from the Investment Association.
Top ten managers by net retail sales in Q2 2015 |
| 1. Standard Life Investments |
| 2. Woodford Investments |
| 3. Old Mutual Global Investors |
| 4. 7IM |
| 5. Legal & General |
| 6. Hargreaves Lansdown |
| 7. Henderson |
| 8. Fidelity |
| 9. Kames |
| 10. Artemis |
