Investors Sell Aberdeen Funds Following Merger News

Growing demand for passive funds makes BlackRock the most popular fund house year to date. Standard Life and Aberdeen have seen outflows since the merger announcement

Karen Kwok 31 July, 2017 | 3:09PM

Investors in the UK poured £6.6 billion into BlackRock funds in the first six months of the year, making it the most popular asset manager of 2017. In April, the fund house saw the largest monthly inflows in five years with £2.3 billion in a single month, according to Morningstar Direct data.

Data also revealed that M&G is the second most popular fund house of the year with £5.9 billion of inflows. It was followed by Royal London and Aviva, which recorded inflows of £2.2 billion and £1.7 billion respectively.

At the bottom of the pile, investors pulled £2.5 billion out of Standard Life and £1.7 billion out of Aberdeen Asset Management, making them the least popular fund houses of the year.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Dynamic Diversified Gr A Acc143.50 GBP0.00
iShares Corporate Bond Index (UK) D Acc170.10 GBP-0.29
iShares Index Linked Gilt Idx (UK) A Acc184.81 GBP-0.69
M&G Optimal Income GBP I Acc224.40 GBP0.10
SLI Global Absolute Ret Strat Ret Acc75.75 GBP0.17

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies