M&G tops sales list as industry flows 'bounce back' in Q2

M&G Investments has regained its number one position on the Pridham fund sales list, knocking BlackRock off the top spot.

The latest Pridham Report revealed M&G recorded gross retail sales of £2.3bn in the second quarter, pushing BlackRock into second place, with sales of £2.2bn. M&G recorded strong levels of new flows into Stuart Rhodes' £7bn M&G Global Dividend fund to regain a top spot it last held in Q4 2012. That move comes despite the group having begun to stem flows into Richard Woolnough's bond funds. The report said income offerings remained firmly in favour with investors, helping a number of fund groups to report an increase in gross and net retail sales on the previous quarter. Invesco ...