Woodford Investment Management topped the net retail sales chart in the third quarter after a 25 per cent boost, according to the latest Pridham report.
Estimates from the report showed Woodford Investment Management enjoyed a 25 per cent increase in net retail sales compared to the previous quarter, reaching £930m.
The firm topped the chart, followed by Standard Life Investments, which had net retail sales of £770m, and Legal & General Investment Management (LGIM) on £757m.
| Manager | Retail sales for Q3 2015 (source: Pridham report) |
| Woodford Investment Management | £930m (estimate) |
| Standard Life Investments | £770m |
| Legal & General Investment Management | £757m |
| Old Mutual Global Investors | £633m |
| Artemis | £628m |
| BlackRock | £520m |
| 7IM | £401m |
| Henderson | £315m |
| Fidelity | £287m |
| Premier Asset Management | £273m |
The largest increases in net retail flows were experienced by LGIM and Artemis Fund Managers, each of which saw a quarterly boost of more than 100 per cent in net business.
The report said: “LGIM has been working hard on raising its profile over the last year, cutting fees on its passive fund range and expanding its sales team. Increased sales and reduced redemptions helped to boost its net business by over 100 per cent in the quarter.”
It added sales of equity funds generally increased for Artemis, particularly in vehicles such as the Global Income, Income, Special Situations and European funds.
