Continued market volatility has resulted in total platform assets dropping by 6.62% compared to the first quarter of the year, with advised also falling just over 6% in Q2, according to the lang cat’s latest quarterly Platform Market Scorecard.
Statistics from the consultancy showed sales across all channels were down by 5.3% on Q1 2022 to total £27.9bn. Net sales were down 21.2% compared to Q1, totalling £8.9bn. Outflows increased marginally to £18.9bn, it added. The lang cat said advised platforms "showed resilience in the face of the economic headwinds" with gross sales of £19.38bn, down 8.4% on the previous quarter, while net sales came in at £8.9bn, down 11.6%. Pridham Report: Blackrock and Fidelity continue to dominate in Q2 It said: "Though a large deal for Multrees paints a slightly better picture (and slightly sk...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
