// November 2011

09 Nov 2011 A difficult third quarter for platforms

Overall platform assets declined by 2.3% to £163.9bn in the third quarter as the eurozone crisis took its toll. However Axa Elevate, Nucleus and Ascentric bucked the trend.

Despite the summer of discontent, gross sales rose by 1.4% to £12.5bn relative to the previous quarter, but net flows were down slightly (-0.7%) to £7.5bn.  Sales would have been a damp squib were it not for Cofunds with gross flows of £4.6bn and net flows of £3.3bn.

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12 Aug 2011 Platforms weather the storm in Q2 2011

The latest issue of Fundscape's confidential quarterly Platform Report showed that assets rose by 6% during the quarter, reflecting the more difficult market conditions. But gross and net sales rose by considerably more. Gross sales were £12.1bn up 10% on the previous quarter, while net sales were £7.5bn, up a whopping 17% on Q1's figures.

To see the full press release click here.

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