M&G reports 53% rise in inflows in first half

M&G reported a 53% rise in net investment flows in the first half of the year, with retail investors driving the £4.3bn of flows.

Prudential's half-year results revealed the institutional business attracted £600m of new assets, bringing the total net inflows to £4.9bn for M&G and its 14th consecutive quarter of inflows. Q1 saw retail net flows of £2.4bn but this slowed to £1.9bn in Q2. At least 13 of M&G's retail funds achieved net sales in excess of £20m in the first half. "It is a core pillar of M&G's business that it is able to benefit from changing investor preferences as a result of its diversified product offering. While the appetite for risk products is subdued, demand for M&G's retail fixed income fund r...