Woodford Investment Management saw the highest net retail sales in Q3, taking in £930m in assets.
The asset manager saw a 25 per cent increase in sales compared to the previous quarter, with the equity income fund topping £7bn in the quarter, making it the largest fund in the income sector, according to the Pridham report, which looks at fund flows to asset managers.
Legal & General Investment Management and Artemis saw the largest rise in net retail flows in the quarter, according to the report.
LGIM saw a rise in sales in its passive products, which helped it to £756.9m in sales in the quarter. Artemis saw a 100 per cent jump in its net retail sales, with funds going into the Global Income, Income, Special Situations and the European funds.
BlackRock also saw its passive fund sales boost business, and the manager continued to occupy the top spot in gross retail sales, taking in £2.56bn in the quarter.
Standard Life Investments took second spot in the gross sales list, with £2.21bn in sales for the quarter, a large portion of which went into its GARS product.
Seven Investment Management and Premier Asset Management both saw their gross and net retail sales rise to record levels following the success of their multi-asset funds.
“Although many investors will remain cautious following this summer’s market volatility, pension investors are likely to be more focused on the long term,” says Helen Pridham, author of the report.