M&G posts £1.7bn net retail inflow in Q3

The total net inflow was up 47% on the corresponding period in 2008, swelling the group's net inflow to over £11.1bn for the first nine months of the year, a 169% year-on-year increase. Retail inflows were £5.73bn during the nine-month period, a 307% jump. Following its giant £6.1bn net inflow in the second quarter, M&G attributes another positive period to a strong contribution from its retail business. M&G says its retail division had a 27% market share of net UK retail flows, as defined by the IMA, in the first eight months of 2009. The group says its bond funds, run by high-pro...