Fidelity's "record" first quarter funds sales can be attributed to the firm’s commitment to investor communications over the course of the crisis, according to head of wholesale John Clougherty, with the firm anticipating inflow activity in Q2 after a "strong start" in April and May.
Fidelity ranked third by gross retail sales in the first quarter of the year, according to the most recent Pridham Report, bringing in £3.8bn in client capital, while the firm was sixth overall with regard to net retail sales for the quarter, which reached £358m. The second quarter also looks to have started strongly for Fidelity, which saw £617m of net inflows to its UK-domiciled funds in April alone, making it the second best-selling fund house for the month behind BlackRock, according to the most recent Morningstar fund flows data. Speaking to Investment Week, Clougherty said: "Unb...
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