M&G bond team helps group take in £1bn in Q3

M&G stars including Richard Woolnough and Jim Leaviss helped the group rake in over £1bn of new money in the third quarter, keeping it in top spot in the retail sales charts.

M&G saw total net retail sales of £1.03bn, down 16% year on year but still comfortably ahead of peers, according to the latest Pridham report produced by Fundscape. Fundscape said M&G's bond funds - which include Richard Woolnough's £5.1bn Optimal Income fund, as well as Leaviss' popular UK Inflation Linked Corporate Bond fund which has raised £310m - had driven sales. Elsewhere, BlackRock were second with net retail sales of £498m, driven by inflows into Evy Hamrbo's £3bn Gold and General fund, while First State - which boasts a range of popular Asian mandates - was third with net re...