Pridham Report: Fidelity sees strongest sales on record in 2016

The report, which analyses fund sales, found 2016 was a difficult year for asset managers as net retail sales reached the lowest level since 1995 as a result of volatility surrounding Brexit and Donald Trump's election to US President. However, some groups such as Fidelity, Fundsmith and BlackRock managed to record strong positive sales. Pridham Report: Appetite for absolute return boosts Q3 sales Looking at net retail sales for the year as a whole, Fundsmith saw sales of £2.9bn followed by Fidelity which saw sales of £1.6bn, its strongest year in history. This was helped by funds ...