Pridham Report: BlackRock returns to the number one spot

BlackRock top for sales in Q3 but Liontrust leads for net sales of actively managed funds

Pedro Gonçalves
clock • 2 min read
BlackRock top for sales in Q3
Image:

BlackRock top for sales in Q3

Net retail fund sales declined in the third quarter of 2021 amid fears of a coronavirus resurgence but BlackRock has returned to the top of the gross and net retail sales chart, according to The Pridham Report.

Increased sales of BlackRock's passive products helped boost its position as wealth managers continue to increase their passive exposure. Legal & General Investment Management and Fidelity also attracted strong levels of gross new business. On the net sales side, Liontrust and Baillie Gifford led the way for sales of actively managed funds.  Liontrust achieved its highest quarterly net sales on record. Over the last two years it has seen its redemptions increase following its acquisitions of Neptune at the end of 2019 and Architas at the end of 2020. But these outflows are now stab...

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
member?

Login

More on Funds

The ETFs aim to overcome traditional yield shortfall by using multi-factor investing.

Invesco launches two ESG credit ETFs

Invesco has launched two new ESG ETFs that provide investors with access to investment grade fixed-rate euro-denominated unsecured corporate bonds from global issuers.

clock 29 June 2022 • 2 min read
The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.

Franklin Templeton launches Catholic EM sovereign debt ETF

Article 8 ETF for European investors

clock 28 June 2022 • 1 min read
Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Trustpilot