Active and passive managers saw strong positive flows across Q3 despite the looming 'second wave' of the coronavirus pandemic causing uncertainty over the past three months, according to the latest Pridham Report.
While investors have begun to hold back assets due to growing doubts over the near future, asset managers with "the right products and the performance" have been able to attract solid inflows, according to Pridham. BlackRock has returned to the top spot by gross and net retail sales, having slipped to fifth place in latter measure last quarter, with £6.1bn and £1.9bn respectively, as it saw its passive fund business recover, aided by sales of specialist funds such as iShares Global Property Securities. The world's largest asset manager also benefited from sales of its actively manage...
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