Woodford Investment Management was the best-selling fund group by active sales in the second quarter of this year, after raising £1.6bn for its Equity Income fund.
Neil Woodford's new venture beat the net inflows of most larger groups, coming second only to BlackRock after the global giant saw inflows of £2bn. BlackRock's success was powered by its passive offerings, with 90% of its inflows coming from its range of tracker funds, according to the latest edition of the Pridham Report. Henderson Global Investors also saw a 29% increase in its net retail sales quarter-on-quarter, with its UK Property, European equity and Cautious Managed funds accounting for much of the inflows. The group was the third best-selling in the quarter with £796m of net ...
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