net retail sales

The UK funds industry will see growth ‘skyrocket' in the coming years, but the balance of power in the industry could shift to smaller players, a new report has predicted.

‘No-names’ like we were might struggle today

Investors ditched fixed income funds - corporate bond portfolios in particular - and opted for UK and European equities in November as the great rotation becomes more and more visible.

Henderson Group has seen a record jump in underlying profit before tax in the first half of 2013 despite a £2bn outflow from its institutional business.

Tracker funds' share of total industry funds under management hit a fresh record at the end of 2012, nearing 9% of FUM, according to the Investment Management Association (IMA).

Fixed income continues to be the asset class of choice for UK retail investors, accounting for more than half of July's net retail sales, the latest figures from the Investment Management Association (IMA) show.

Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to IMA figures.

M&G recorded a market-leading £1.74bn net retail inflow in the third quarter, 5% more than the equivalent period in 2009.

Schroders recorded a £800m net retail inflow in Q3, with flows slowing from the two previous strong quarters.

Henderson recorded a £300m net inflow into its retail fund range in Q3, including £100m into its UK domiciled products.