The "negative publicity" surrounding Woodford Investment Management and Brexit uncertainty made investors and advisers more risk-averse in the third quarter, according to the latest Pridham Report.
While many fund groups saw net sales decrease quarter on quarter, the report revealed that the leading fund management groups for gross and net retail sales of UK domiciled funds were two of the main passive fund providers, BlackRock and Legal & General Investment Management (LGIM). BlackRock led the top ten managers by both gross retail sales and net retail sales in the third quarter of 2019, at £5.8bn and £1.7bn respectively. Pridham Report: Fund sales surge in June 'despite Woodford scandal' The report revealed that BlackRock saw its actively-managed fund sales rise, "fuelled by...
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