Pridham Report: BlackRock remains on top even as net sales sag 40%

Third quarter net sales

BlackRock has maintained its top spot in the latest Pridham Report, even as its net retail sales for the third quarter fell by almost 40%.

For gross retail sales, the top six managers remained the same as the second quarter, while Baillie Gifford re-entered the top ten to take the seventh spot, pushing Jupiter out of the rankings. The report noted Baillie Gifford had returned thanks to an 80% surge in new business compared to the previous quarter, with its best-selling fund being the Baillie Gifford European. There was more shifting within the ranking for net retail sales, as M&G fell from number two to eight, while Royal London AM climbed from sixth to third spot. Income funds knock Scottish Mortgage and Fundsmi...