M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.
BlackRock achieved gross sales of £2.3bn in Q1 this year, one of its best ever quarterly results, pushing M&G into second with sales of £2.1bn. Managers Richard Plackett and Alister Hibbert running the £1.8bn UK Sepcial Situations and £1.8bn European Dynamic funds, helped it secure top spot. Helen Pridham, editor of The Pridham Report which monitors quarterly fund sales, said BlackRock is managing to achieve the twin goals of gaining support from both portfolio builders and advisers looking for ready-made solutions. Elsewhere Standard Life Investmets was top in terms of net retail ...
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