Baillie Gifford soars to pole position in Q2 Pridham Report

Up from fourth place in Q1

Baillie Gifford has soared to the top spot for net retail sales in the latest Pridham Report, moving up from fourth place in the first quarter.

Baillie Gifford saw net retail sales of £855.5m in the second quarter of 2018, up from £717m in the first three months of the year, the latest report shows. Figures for Old Mutual Global Investors - the best-selling retail fund group of 2017 and in Q1 2018 - and Quilter Investors were not included in the tables due to the managed separation. Buxton's £25.7bn single-strategy business to rebrand as Merian Global Investors Helen Pridham, editor of the report, credited Baillie Gifford's strong net sales with low levels of redemptions due to the group being late to the party in terms of...