Archive
08 May First quarter 2012 press releases
Posted at 08:02h
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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 Fourth quarter press releases
Posted at 16:23h
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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.
01 Mar 60-second reviews
Posted at 16:17h
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We've decided to publish some 60-second reviews of the fund management and platform industries. These provide some easily absorbed key facts and figures (always useful when you have a board presentation to prepare...) and best of all for our time-starved, information-overloaded lives, they're only a page long! We'll be doing them on a quarterly basis. Click here for the third-quarter fund management review and here for the third-quarter platform review. Don't despair, we'll be putting up the fourth quarter ones very soon!
09 Nov A difficult third quarter for platforms
Posted at 10:31h
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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 Sales plummet in summer of uncertainty, but M&G still tops
Posted at 10:21h
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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 Q2 Pridham Report just published!
Posted at 16:07h
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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.