Are the Clouds Parting? – Q4 2024 Financial Adviser Sales Highlights

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 Q4 2023, gathered directly from platforms and asset managers. Benjamin details fund sector performance, and considers changes taking place within the UK investment landscape. Q4 2023 Fast Facts The below […]

Are the Clouds Parting? – Q4 2024 Financial Adviser Sales Highlights

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 Q4 2023, gathered directly from platforms and asset managers. Benjamin details fund sector performance, and considers changes taking place within the UK investment landscape.

Q4 2023 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

household-savings-ratio-iconNet Sales: -£0.9 billion

Wrappers (Net Sales)

household-deposit-balances-iconGIA: -£110 million
household-savings-ratio-iconPension: £270 million
household-deposit-balances-iconISA: -£1.2 billion
household-deposit-balances-iconBond: £60 million

Firms

household-deposit-balances-iconNumber of firms with £1 million 
in net sales or more:
689

Funds (Net Sales)

household-deposit-balances-iconActive: -£2.2 billion
household-savings-ratio-iconPassive: £1.3 billion

Ten Best Selling IA Sectors by Net Sales 

UnclassifiedUSD Government Bond
UK GiltsGlobal Emerging Markets
Volatility ManagedJapan
Short Term Money MarketStandard Money Market
GlobalGlobal Inflation Linked Bond

Three Best Selling Fund Managers by Net Sales

  1. Legal & General Investment Management
  2. Vanguard Asset Management
  3. BlackRock Investment Management

Note: For the latest Bank of England statistics, please go to https://www.bankofengland.co.uk/statistics/tables


Commentary by ISS Market Intelligence

By: Benjamin Reed-Hurwitz, Vice President, EMEA Research Leader ISS Market Intelligence