M&G dominates 2009 retail sales

Katrina Lloyd
clock

M&G posted net retail sales of £5.6bn for the whole of 2009, putting it way ahead of second placed Invesco Perpetual on £3.62bn, according to Lipper.

Bond funds, run by high-profile managers including Richard Woolnough and Jim Leaviss, attracted the bulk of inflows for M&G up until the end of Q3 2009, accounting for 77% of net sales. However, the group managed to sustain its top ranking sales position until the end of the year with a huge lead in Q4 at £1.065bn. This compares to second placed BlackRock reporting £615.3m for the quarter and third ranking Jupiter on £585.4m. M&G says the popularity of its equity vehicles helped shore up sales towards the end of 2009. Tom Dobell’s M&G Recovery vehicle was the largest and best-selling ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read