OMGI tops Q3 Pridham Report with almost £1bn in net retail sales

Rathbones joins the top ten

Laura Dew
 Chief executive of Old Mutual Global Investors Richard Buxton

Chief executive of Old Mutual Global Investors Richard Buxton

Old Mutual Global Investors was the best-selling asset manager by net retail sales in the third quarter, with flows of £995m between July and September, according to the latest Pridham Report.

OMGI saw sales jumping 36% during the period, usurping Legal & General Investment Management, which fell into third place. Sales at LGIM were £586m, down from £1.1bn in the second quarter.  Sales of OMGI's multi-asset Cirilium range made up around half of its net flows, while its single-strategy funds such as the £3.2bn Old Mutual UK Mid Cap, managed by Richard Watts, and £346m Old Mutual Asia Pacific, run by Amadeo Alentorn, Mike Servent and Ian Heslop, also saw strong net sales. This comes despite the OMGI business being put up for sale by parent firm Old Mutual amid a 'managed sepa...

To continue reading this article...

Join Investment Week

  • 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

Join now


Already an Investment Week


More on Funds

Bestinvest's bi-annual Spot the Dog finds over £45bn is still in underperforming portfolios

Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

clock 08 August 2022 • 4 min read
The £237m Baillie Gifford British Smaller Companies Fund was rated as not providing value.

Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

clock 08 August 2022 • 2 min read
Royal London group chief executive Barry O'Dwyer

RLAM AUM shrinks 9% in H1 but sustainable funds remain popular

9% decline in AUM

clock 05 August 2022 • 2 min read