Strange as it may seem now, but there was a time not too long ago when a UK retail fund over £1bn in size was considered unusual.
Not so these days: the country’s two largest retail mandates, for example, recently passed £20bn apiece. The ‘strong get stronger’ theme shows little sign of vanishing yet, when it comes to asset gathering at least. The reasons behind these developments need little introduction. The rise of centralised buy lists, each buying similar funds, means increasingly concentrated fund flows are here to stay. The issue is self-perpetuating: as some funds reach capacity and close, flows into similar products increase still further. To a lesser extent, it may also be self-correcting: the safe ...
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