OMGI tops Q1 Pridham Report while Miton makes new entry

Data on net retail sales

Old Mutual Global Investors (OMGI) has held onto the top spot in the latest Pridham Report but could fall down the rankings once the business separates from its multi-asset arm later this year, the report said.

OMGI was the best-selling retail fund group of 2017 and has retained that position in the first quarter of 2018. Net retail sales for the firm were £910m, although this was down from £1.1bn in the fourth quarter of 2017. However, the business is due to split its single-strategy funds from its multi-asset funds later this year with the single-strategy business being taken over by Richard Buxton. OMGI named as top-selling fund group of 2017 The report said: "OMGI has featured prominently in the sales tables over the past two years but its figures will no longer include multi-asset...