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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
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

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