In this latest UK financial adviser fund sales highlights, Benjamin Reed-Hurwitz, EMEA Research Leader at ISS MI, focuses on the latest net and gross sales trends for Q3 2023, gathered directly from platforms and asset managers. Benjamin details fund sector performance, and considers changes taking place within the UK investment landscape.
Q2 2023 Fast Facts
The below data is based on on-platform financial adviser investment fund sales through ISAs, Personal Pensions, Direct Investment Accounts and Investment Bonds for Q3 2023.
Totals
 | Net Sales: -£2.2 billion |
Wrappers (Net Sales)
 | GIA Net Sales: -£500 million |
 | Pension: -£600 million |
 | ISA: -£1.2 billion |
 | Bond: £100 million |
Firms
 | Number of financial adviser firms with £1 million in net sales or more: 644 |
Funds (Net Sales)
 | Active: -£3.3 billion |
 | Passive: £1.0 billion |
Ten Best Selling IA Sectors by Net Sales
| UK Gilts | Global Corporate Bond |
| Short Term Money Market | Standard Money Market |
| Unclassified | Technology and Technology Innovations |
| Global | Japan |
| Volatility Managed | India/Indian Subcontinent |
Three Best Selling Fund Managers by Net Sales
- Legal & General Investment Management
- Royal London Asset Management
- BNY Mellon Investment Management
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Commentary by ISS Market Intelligence
By: Benjamin Reed-Hurwitz, Vice President, EMEA Research Leader ISS Market Intelligence
