M&G posts stellar £1.74bn net retail inflow in Q3

M&G recorded a market-leading £1.74bn net retail inflow in the third quarter, 5% more than the equivalent period in 2009.

The asset manager, which has dominated flows in the past two years, has seen a £5.1bn net retail inflow over the first nine months of the year, just 11% lower than its 2009 record. While the retail flows continue to be strong, the group suffered a £206m net redemption from its institutional business in Q3. M&G has been number one for UK net retail sales over seven consecutive quarters, based on data to the end of June 2010. Much of last year's success was attributed to its top-performing bond funds, managed by the likes of Richard Woolnough and Jim Leaviss. In 2010, the bond range ...