Mixed Investment 20-60% shares was the most popular sector in July for the seventh consecutive month, according to sales data from Cofunds.
The arrival of the Retail Distribution Review (RDR) and the decision to stem flows into Richard Woolnough's corporate bond funds saw M&G's UK retail business suffer outflows in H1 2013.
M&G Investments has regained its number one position on the Pridham fund sales list, knocking BlackRock off the top spot.
M&G Investments' Alex Odd (pictured) has left the firm, handing his underperforming £1.4bn M&G Dividend fund to Phil Cliff amid a re-shuffle of the group's equity desk.
M&G Investments' top performing Global Dividend manager Stuart Rhodes has initiated a number of new holdings over the past couple of months as he seeks a new wave of income payers.