Threadneedle posts best retail sales in five years

Threadneedle recorded its strongest quarter for net retail inflows in five years in Q2, with its US equity franchise seeing strong demand.

The group posted a £564.4m net retail inflow over the quarter, ranking third in UK sales behind M&G (£bn) and BlackRock (£m). In Q1, Threadneedle was ranked fifth, with a £464m net retail inflow, according to Lipper. Threadneedle head of UK wholesale Gary Collins says the US equities proved popular with investors over the quarter, particularly Andrew Holliman's £1.12bn American fund. "Our US equity business continues to do well, and we have recently added to the range with the American Absolute Return fund, which has already generated good interest," Collins says. "But it more than...