Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Woodford IM & FundSmith storm into fund sales chart

Woodford IM & FundSmith storm into fund sales chart

Woodford Investment Management and Fundsmith were among the top selling fund firms in the second quarter.   

Neil Woodford's CF Woodford Equity Income fund attracted £1.6 billion in its offer period between 2 June and 19 June, the biggest launch in recent memory, propelling it to second spot in the latest quarterly Pridham report.

BlackRock claimed top spot, with £1.9 billion of inflows, thanks to bulk purchases of its tracker funds, which accounted for 90% of inflows in the second quarter.  

BlackRock replaced Old Mutual Global Investors, which fell out of the top 10. It also usurped M&G as the top gross seller, taking in £3.42 billion.  

Elsewhere Standard Life moved up from fourth to second in the net seller league with an inflow £642.5 million, thanks to continued demand for its  absolute return products.

Meanwhile Henderson Global Investors consolidated third spot with an inflow of £796.9 million, a 29% increase on the previous quarter.

A major contributor to this has been the Henderson UK Property fund on the back of the popularity of the asset class among income-seeking investors. The European equity and Cautious Managed funds also played a role in the firm's performance.

It was also a good quarter for Citywire AA-rated Terry Smith’s (pictured) firm FundSmith, which entered the league in seventh spot, as retail sales more than doubled to £279 million over the quarter.

The report’s author Helen Pridham said: ‘The success of Woodford Investment Management and Fundsmith, along with other small independent managers, demonstrates that there is still plenty of room in the UK market despite all the talk of concentration in recent years.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Terry Smith
Terry Smith
6/190 in Equity - Global Equities (Performance over 3 years) Average Total Return: 82.72%
Neil Woodford
Neil Woodford
30/79 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 58.33%
Citywire TV
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter