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View the article online at http://citywire.co.uk/wealth-manager/article/a750328

Buxton powers OMGI beyond Schroders at top of sales league

by Dylan Lobo on May 09, 2014 at 08:16

There was also good news for Kames and Barings, which entered the top 10 net sellers with inflows of £431 million and £361.7 million respectively.

Both firms benefited from demand for mixed asset strategies with Kames new Diversified Income fund proving to be a ‘resounding’ success, while Barings saw increased interest in + rated Andrew Cole's multi-asset fund from wealth managers.

'There has been much talk about multi asset solutions and many new launches in recent years,' the reports author Helen Pridham said. 'They now appear to be gaining some ground in the sales tables as RDR beds in.'

Overall net fund sales were down 10% on the previous quarter.

Pridham said that this could be down to increased sophistication which has stopped a last minute rush into ISAs at the end of the tax year.

She believes the ISA season appears to have moved into the second quarter as advisers and investors choose to use up their ISA allowances earlier in the year.

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