// Press Releases

30 Nov 2012 Distribution flounders in the third quarter…

Fundscape's Q3 Distribution Report has just been published.  Overall, it was a difficult third quarter for fund distribution.  Gross sales totalled £22.1bn and were down 5% on the previous quarter and also on the same period in 2011. but highlighting the lack of sticky business was the fact that net sales fell 41% to £2bn.  The press release is available here.

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09 Nov 2012 RDR is an increasing distraction…

The third quarter of 2012 served up mixed fortunes for the fund industry.  Poor investor sentiment in the early summer contributed to lower sales and led to a dismal August with the lowest net retail sales since October 2008. Flows improved in September on the back of rising stock markets but fund managers report an increasingly distracted adviser community as the RDR deadline approaches.  To read the rest of this press release, click here.

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15 Aug 2012 Rollercoast ride for platforms in Q2 2012

Stock markets were up and down like a rollercoaster in the second quarter and platform industry assets lost ground, falling -0.3% to £189bn. But despite the volatility, according to Fundscape’s confidential Platform Report gross sales for the second quarter were up by 1.3% on the previous quarter to £12.2bn, while net sales rose 5% to £6.2bn. To see the rest of this press release click here.

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15 Aug 2012 Head winds get stronger for fund managers in Q2 2012

The usual flurry of ISA business at the beginning of the tax year gave fund sales a welcome boost in the second quarter. Net retail sales reached their highest level for a year. Managers with the right sort of funds benefitted. Meanwhile the trend towards more investment outsourcing by financial advisers continued. To see the rest of this press release click here.

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08 May 2012 First quarter 2012 press releases

The first quarter of the year was one of mixed results and mixed messages. For some fund managers, it was a good start to the year, but there was evidence of fewer fund managers winning business as investors retreated from riskier assets towards solutions-oriented funds. M&G led the stakes with a record-breaking £3bn+ in gross retail fund flows.

Platforms, on the other hand, were more able to recover their equlibrium partly as a result of a rebound in business and partly as a result of the ongoing adviser shift to platforms. Stock-market rises helped to push platform assets up to £189bn and there was a noticeable rise in gross and net flows.

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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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