M&G sees fund inflows rise

In its first quarter new business results, M&G has announced that its gross fund inflows are up by 39% to 2.9bn. The group’s external funds under management, which represent a quarter of M&G’s total funds, are up by one third to 40bn compared with the first quarter of 2005. M&G has also achieved record-breaking retail sales during the first quarter, with gross inflows of 1.6bn, double that of last year, and already 42% of total gross retail sales achieved in the whole of 2005.