Retail sales of UK-domiciled funds run by top managers remained positive in the second quarter of this year, despite challenging financial conditions, according to the Pridham Report.
The report found that Blackrock and Fidelity have remain on top for top gross retail sales and net retail sales respectively, with Fidelity also maintaining its second place in gross retail sales, partially due to the strong performance of its Index World and Global Dividend funds. However, while April saw positive retail flows overall due to ISA season, many managers experienced a spike in outflows throughout May and June. Pridham Report: Fidelity sees sharp growth in Q1 2022 Despite this, demand for passives has continued to increase, with Blackrock seeing a 20% increase in gross...
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