Chatfeild-Roberts helps Threadneedle sales hit record in Q3

Threadneedle topped the UK net retail sales chart in Q3 2012 as investors - including John Chatfeild-Roberts' Jupiter Merlin multi-manager team - moved back into Europe, according to the latest Pridham Report.

The third quarter has seen RDR becoming "an increasing distraction" for advisers and fund managers, the report said, amid mixed fortunes for equity markets. Improving sentiment on Europe, however, is leading to renewed interest in Threadneedle's European equity funds. The Jupiter Merlin team's decision to buy into David Dudding's European Select fund in July gave Threadneedle "a significant boost" and its highest ever quarterly net sales of £643.5m, according to Pridham. Elsewhere, M&G's decision to limit inflows into Richard Woolnough's Corporate Bond and Strategic Corporate Bond fun...