Woodford Crisis Weighs on Fund Sales

Passive fund providers BlackRock and LGIM achieved the greatest sales in the third quarter of the year, as uncertain investors look for protection from volatility

James Gard 5 November, 2019 | 11:57AM
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The collapse of Woodford Investmment Management has put off fund investors and hit sales, according to the latest Pridham Report. The quarterly report compares fund groups by sales i.e. the amount retail investors have put into a firm's funds over the period and is a helpful insight into investor sentiment.

Helen Pridham, the report's author, says a further Brexit delay and a General Election in December is likely to see the trend of lower sales continue. Multi-asset funds and passive funds continue to prosper as investors look to avoid volatility in the stock market, while sustainable funds have also seen steady demand. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BlackRock Absolute Return Bond D Acc115.70 GBP-0.60Rating
BlackRock European Dynamic D Acc1,079.02 GBP-0.46Rating
Royal London Sustainable Div C Acc246.50 GBP0.04Rating
Royal London Sustainable Leaders C Acc292.25 GBP-1.27Rating

About Author

James Gard  is content editor for Morningstar.co.uk