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Pridham Report: OMGI tops net retails sales for Q1

Old Mutual Global Investors has come in top of the net retail sales table for Q1, according to the latest Pridham report.

Pridham Report: OMGI tops net retails sales for Q1

Old Mutual Global Investors (OMGI) held on to the top of the retail sales table for Q1, according to the latest Pridham report.

The business gathered net retail sales of £911 million during the quarter, pulling ahead of rival BlackRock by more than £100 million.

However, OMGI's which  held the top spot in the last edition of the report, may be demoted once multi-asset fund sales are no longer included in its sales calculations later this year.

The multi-asset side of the business is now a dedicated unit within Quilter plc -previously Old Mutual Wealth and will become Quilter Investors at the end of June. Richard Buxton (pictured) will lead the single strategy business of OMGI, which is being sold.

It was another strong quarter for Baillie Gifford, which entered the top ten with its highest ever quarterly gross retail sales as well as occupying a top five position for net retail sales. 

Its big winners included its Japan and American funds, which have underpinned its sales success. 

Elsewhere, Miton’s highly active management approach was also increasingly popular among wealth managers.

Miton UK Multi Cap Income is its star attraction but in the first quarter Miton European Opportunities and US Smaller Companies were top sellers.

Helen Pridham, editor of The Pridham Report, said: ‘This year may prove more challenging for stock markets globally but most UK investors know the importance of thinking long term and having a balanced portfolio which should ensure a steady flow of business for fund groups.’

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Richard Buxton
Richard Buxton Average Total Return:
22.08%
72/165 in Equity - UK (All Companies) (Performance over 3 years)
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