Pridham Report: Fund sales surge in June 'despite Woodford scandal'

Best month for net sales in Q2

Beth Brearley
clock • 2 min read

June was the best month for net sales of retail funds in the second quarter "despite the Woodford scandal", the latest Pridham Report has revealed.

The report attributed inflows to the beginning of the new tax year and "political uncertainty [becoming] the new certainty". "Advisers clearly decided they could not stay on the sidelines forever and got back to buying funds for their clients, albeit favouring cautious options, notably fixed income and mixed asset funds," the report said. However, editor of The Pridham Report Helen Pridham warned the third quarter is likely to present fund managers with more challenges following the gating of the Woodford Equity Income fund and the subsequent fallout. Pridham Report: BlackRock take...

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