Vanguard has topped the tables in Fundscape's latest Platform Report, with double the sales of its closest rivals Legal & General and BlackRock, as it benefited from the model portfolio trend and use of trackers in portfolios.
According to Fundscape, in Q4 2019 Vanguard's gross sales on platforms hit £3.9bn, while Legal & General and BlackRock managed £2bn respectively. The top ten fund groups by gross and net sales included a "heavy sprinkling" of groups with both active and passive fund ranges, Fundscape noted, with Vanguard topping the table for net sales in Q4 with £1.9bn - ahead of HSBC second place with net sales of £895m. Vanguard prepping to enter UK advice space The report, which includes 19 platforms in its analysis, found that boutiques Lindsell Train and Fundsmith were able to compete with la...
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