// Press Releases
31 May 2012 UK fund distribution back on track in 1st quarter of 2012
After a difficult final quarter in 2011, UK fund distribution was back on track with gross sales up 35% to £25.3bn and net sales up a whopping 147% to £4bn. However, personal pension business and not ISAs were the best products of the quarter. Click here to download the full press release.
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.
01 Mar 2012 Fourth quarter press releases
Click here for the Pridham press release for the fourth quarter of 2011. Click here for the Platform press release for the fourth quarter of 2011. Click here for the Distribution press release for the fourth quarter of 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.
09 Nov 2011 Sales plummet in summer of uncertainty, but M&G still tops
Fundscape's latest Pridham Report (Q3) showed that sales plummeted over the third quarter. Most asset managers saw their business decline, but some did well in key fund areas. M&G retained top position in the retail sales chart for a recordbreaking 12th quarter as its bond funds returned to favour again. Click here to read the full press release.19 Aug 2011 Q2 Pridham Report just published!
The latest Pridham Report is out now and shows that fund groups paddled hard to stay ahead in the second quarter of the year. M&G topped the rankings for the 11th consecutive quarter. To download the press release click here.
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.19 May 2011 Quarterly Pridham Report results out now!
The latest (Q1) issue of Fundscape's confidential Pridham Report has just been released. M&G was the top group for net retail sales for the tenth consecutive quarter. Click here to view the press release.
17 Mar 2011 Launch of Distribution Report
Fund investment has become the cornerstone of UK consumers’ savings and investment strategies over the last three years. Low-interest rates, falling residential property values and the withdrawal of National Savings & Investments Index-Linked Savings Certificates is encouraging people to look to investment funds for both income and capital growth to maintain the real value of their savings.13 Feb 2011 Financial Times fm
On Monday 14th February 2011, FTfm ran a story on the Pridham Report's findings. Click here to view (you may need a subscription). To view Fundscape's q410 Pridham press release click here.SIGN UP TO OUR NEWSLETTER
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