Funds under management (FUM) at UK fund groups rose by 17% to a record £4.8trn in 2010 but the value of retail funds has fallen back in 2011, according to a report from TheCityUK.
The report said the £4.8trn figure was primarily the result of equity markets' recovery and an increase in retail inflows. Retail clients held £811bn in investment funds in 2010, up 13% on 2009. UK domiciled funds, including unit trusts, OEICs, investment trusts and other retail products, saw FUM increase by a fifth to £579bn in 2010, with total net sales rising to a record £49.8bn from £34.4bn in 2010. But FUM fell by 3% in the first eight months of the year as volatile markets took their toll. BlackRock is the largest firm in the UK by FUM, with £530bn in assets as of the end of 201...
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