Fund sales declined in the fourth quarter of last year amid the surge of the omicron variant but 2021 was “one of the best ever years for investment in funds”, according to the latest Pridham Report.
The report revealed that the top performers of the year were BlackRock, Legal & General Investment Management and Baillie Gifford, bringing in the most new retail business into their funds. Sales of passive funds were the main drivers of success at BlackRock and LGIM, though the report noted that Vanguard, another large provider of passive funds, failed to provide its figures. Baillie Gifford was the top ranked active manager for gross sales and net flows in 2021, doing particularly well in the first half of 2021 as growth investing remained popular. The trend of value investing em...
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