M&G tops retail sales for seventh straight quarter

M&G topped UK retail fund sales for the seventh consecutive quarter in Q2, taking in more than 20% of the industry's total net sales of £5.2bn.

The group, which recorded a £1.05bn net retail inflow over the quarter, attributes its market-leading inflows to the “depth and breadth” of its fund offering, with at least seven vehicles taking in more than £50m net over the three- month period. M&G increased its market share from the previous quarter, after attracting 17% of the industry’s £5.5bn net retail inflow in Q1, according to Lipper statistics. “We are quite fortunate to have a stable of funds able to attract investors in all weathers and at all stages of the cycle,” M&G global head of sales Jonathan Willcocks says. “Our ...