The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.
Data compiled by the trade body for its 2013/2014 annual survey, released last week, shows funds outside the top 100 bestsellers increased their overall market share last year at the expense of the top 20 bestsellers. The figures, calculated on a gross sales basis, challenge the notion fund sales are becoming more concentrated because of an increase in the number of advisers outsourcing investment decisions, and the launch of a number of new fund buy lists which typically rate the same names. "With respect to the evolution of the funds market in the face of […] changes in the distribu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
