BlackRock has topped the table for the highest gross retail sales in the UK for the tenth consecutive year, as the funds industry rebounded from 2022’s lows.
According to the latest Pridham Report, BlackRock accrued gross sales of £30.2bn over the 12 months of 2023, which translated to £6.4bn of net sales, also the highest net figure of the year. iShares chief Ramji exits in management shake-up Legal & General Investment Management reflected the wider trend of assets returning to the UK funds industry, recording a 26% uptick on 2022's gross figures for £20.6bn, followed by Fidelity's £15.2bn and HSBC Asset Management's £13bn gross inflows. Among these four groups, 71% of new flows headed into passive funds. Despite LGIM and Fide...
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