Anna Pridham News Today

BlackRock came in first place for gross retail sales throughout the year, followed by Legal & General, Fidelity and HSBC AM.

BlackRock tops gross and net annual flows for 10th consecutive year

BlackRock has topped the table for the highest gross retail sales in the UK for the tenth year, as the UK funds industry rebounded from 2022’s lows.

BlackRock has maintained its top spot in the latest Pridham Report, even as its net retail sales for Q3 fell by almost 40%.

BlackRock retook the top spot for both gross and net sales last quarter for the first time since Q3 2021, the latest Pridham Report has revealed.

Fund sales in the first three months of 2023 improved compared to the previous two quarters, the latest Pridham Report found.

Fidelity and Legal & General Investment Management have secured a top three spot in both the gross and net retail sales tables in 2022.

Investor pessimism continued to grow throughout Q3, causing funds to see significant outflows and a shakeup in the ranking of retail sales.

Retail sales of UK-domiciled funds run by top managers remained positive in the second quarter of this year, according to the Pridham Report.