In this latest UK financial adviser fund sales highlights, Benjamin Reed-Hurwitz, EMEA Research Leader at ISS MI, focuses on the latest net sales trends for Q1 2024, gathered directly from platforms and asset managers. Benjamin details fund sector performance, and considers changes taking place within the UK investment landscape.
Q1 2024 Fast Facts
The below data is based on on-platform financial adviser investment fund sales through ISAs, Personal Pensions, General Investment Accounts and Investment Bonds.
Totals
 | Net Sales: -£0.7 billion |
Wrappers (Net Sales)
 | GIA: -£0.9 billion |
 | Pension: £0.8 billion |
 | ISA: -£0.6 billion |
 | Bond: £0.1 billion |
Firms
 | Number of firms with £1 million in net sales or more: 839 |
Investment Type (Net Sales)
 | Model Portfolio Solutions (MPS): £1.8 billion |
 | Unitised multi-asset funds (ex. MPS): -£0.6 billion |
 | Single strategy funds (ex. MPS) -£1.8 billion |
Funds* (Net Sales)
 | Active: -£1.8 billion |
 | Passive: £0.7 billion |
Ten Best Selling IA Sectors by Net Sales
| Unclassified | UK Gilts |
| Global | North American Smaller Companies |
| Sterling Corporate Bond | Technology & Technology Innovations |
| Volatility Managed | Global Corporate Bond |
| North America | Global Emerging Markets |
Three Best Selling Fund Managers by Net Sales
- HSBC Global Asset Management
- BlackRock Investment Management
- Smith & Pinching
*Excluding unitised multi-asset funds
Commentary by ISS Market Intelligence
By: Benjamin Reed-Hurwitz, CFA, Associate Director, ISS Market Intelligence
