Funds from Fundsmith, Invesco Perpetual and Aviva Investors were the top-selling vehicles throughout 2016, while four M&G offerings featured in the top 10 funds suffering the highest outflows.
According to fund flow data supplied by Morningstar for the year to 30 November 2016, the Fundsmith Equity fund was the bestselling fund of the year, with £2.8bn of estimated net inflows, causing the fund's AUM to swell to £8.7bn. In the third quarter of last year, fund manager Terry Smith (pictured) reportedly topped up his personal holding by £115m, bringing his own investment to £200m. The bestselling fund of 2015 also continued its spell of strong inflows, with the Invesco Perpetual Global Targeted Returns fund seeing £2.7bn of new flows in 2016. This fund, run by David Millar, Da...
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