Legal & General Investment Management saw its highest ever net retail sales in the second quarter of 2017, rising to the top of the net inflows table in the quarterly Pridham Report.
The firm reported net retail sales of £1.1bn between April and June, up from £515.5m in the last quarter, and gross retail sales of £2.4bn, with strong inflows into its tracker funds a "major contributor", according to the report. Pridham Report: Fidelity sees strongest sales on record in 2016 Helen Pridham, the report's author, said: "Legal & General Investment Management did particularly well in the second quarter as its push to increase its distribution channels over the past two years paid off. "It rose to the top of the net retail sales table, with an increase in net business ...
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