Legal & General Investment Management (LGIM) climbed to the top spot for net sales in Q4, toppling Baillie Gifford which was in pole position for the previous two consecutive quarters, according to the Pridham Report.
LGIM saw net retail flows of £894.9m in Q4, having benefitted from sales of its passive funds and increasing interest in its actively managed funds. Baillie Gifford dropped to second place for net retail sales over the quarter, attracting £691.3m in flows, down from £865m in Q3. The firm has focused on active investment management, with its American and Japanese funds among its best sellers. Both LGIM and Baillie Gifford featured in the top ten for both net and gross retail fund sales for Q4 and for the whole of 2018. Meanwhile, Liontrust was among the groups that made it into t...
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