Sales of equity funds are on track to reach their highest level since 2000, with net sales of £8bn in the first nine months of 2013.
According to the latest Pridham Report, strong demand for returns above the paltry rates available on cash has pushed up equity fund sales to highs not seen since 2000. Standard Life Investments is once again top of the table with £819m in sales in the third quarter, while Schroders and Artemis were in second and third place with £622m and £498m respectively. Schroders benefited from the acquisition of Cazenove, with Julie Dean's Cazenove UK Opportunities fund being the group's best-selling fund and accounting for 20% of gross sales. For Artemis, Adrian Frost and Adrian Gosden's Ar...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
