The latest Pridham Report, detailing retail flows figures for UK-domiciled funds during Q1 2018, showed the usual mix of larger names at the top of the sales tables, including BlackRock and Fidelity, but movements further down the top ten were more eye-catching.
Big names have dominated the tables as a result of their vast passive offerings, as this sector increasingly grabs market share from active manager counterparts. Last quarter, BlackRock reported gross retail sales of £4bn, while Fidelity attracted £2.4bn and L&G Investment Management, another big passives player, took in £2.3bn. However, smaller groups with a single focus on active management have pushed their way into the tables. For example, Scottish fund house Baillie Gifford entered the top ten with its highest ever quarterly gross retail sales, while also occupying a top five pos...
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