Pridham Report: Fund sales surge in June 'despite Woodford scandal'

Best month for net sales in Q2

Beth Brearley
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Helen Pridham warned Q3 2019 is likely to present fund managers with more challenges post-Woodford
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Helen Pridham warned Q3 2019 is likely to present fund managers with more challenges post-Woodford

June was the best month for net sales of retail funds in the second quarter "despite the Woodford scandal", the latest Pridham Report has revealed.

The report attributed inflows to the beginning of the new tax year and "political uncertainty [becoming] the new certainty". "Advisers clearly decided they could not stay on the sidelines forever and...

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