06 Jun Net fund sales down 34% in months after RDR
Posted at 12:41h
in
Fund sales in the first quarter of the year were held back by the impact...
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05 Jun Net fund sales down 34% in months after RDR
Posted at 14:20h
in
Fund sales in the first quarter of the year were held back by the impact...
05 Jun Fee fi fo fum, RDR has finally come
Posted at 09:43h
in
With stock markets soaring and the ISA season in full swing, there were reasons to expect a bullish start to the year. However, austerity measures and advisers getting used to life under RDR put a brake on flows. According to the quarterly Distribution Report, gross sales across the fund distribution universe were £28.2bn in the first quarter of the year, down 2% on the previous quarter. But net sales dropped even more markedly to £3bn, a 34% fall on the previous quarter. ISA sales were particularly disappointing.
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