BlackRock pipped Woodford Investment Management to be the top-selling fund group of 2014, in large part due to the popularity of its index funds, according to the latest Pridham Report.
BlackRock saw net sales double to just under £4bn as the firm benefitted from a shift towards low-cost products by wealth managers and discretionaries, the report said. The group also topped the gross sales table, its £9.9bn in sales representing a 33% increase on the 2013 figure. Some 80% of gross sales came from trackers. BlackRock was followed in the net rankings by Woodford IM, top seller in the second and third quarter following its launch in June, and Henderson. Woodford remained top seller in Q4, with estimated net sales of £1.1bn, followed by BlackRock (£1bn) and Standard L...
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