Net retail sales of funds were down 19% in 2015 as volatile markets hit investor confidence, according to the latest Pridham Report, with Woodford IM remaining the most popular fund house.
The latest Pridham Report, which is published quarterly, found net retail sales fell by 19% in 2015 due to market volatility and increased outflows. The most popular types of funds were equity, targeted absolute return and property. Woodford Investment Management remained the most popular firm, with net retail sales of £3.2bn during 2015, although this was down 15% from 2014. The manager (pictured) runs the £8bn Woodford Equity Income fund and the firm's Patient Capital Trust. Woodford IM's success was followed by Standard Life Investments, which saw sales of £3bn over the peri...
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