Clougherty pins 'record' Q1 for Fidelity on investor comms push

'Strong start' to Q2

Mike Sheen
clock • 2 min read

Fidelity's "record" first quarter funds sales can be attributed to the firm’s commitment to investor communications over the course of the crisis, according to head of wholesale John Clougherty, with the firm anticipating inflow activity in Q2 after a "strong start" in April and May.

Fidelity ranked third by gross retail sales in the first quarter of the year, according to the most recent Pridham Report, bringing in £3.8bn in client capital, while the firm was sixth overall with regard to net retail sales for the quarter, which reached £358m. The second quarter also looks to have started strongly for Fidelity, which saw £617m of net inflows to its UK-domiciled funds in April alone, making it the second best-selling fund house for the month behind BlackRock, according to the most recent Morningstar fund flows data. Speaking to Investment Week, Clougherty said: "Unb...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Adobe, Amazon, Estee Lauder and PayPal

clock 25 March 2024 • 1 min read
Trustpilot