June 4, 2024

Another Model Quarter – Q1 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 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

household-savings-ratio-iconNet Sales: -£0.7 billion

Wrappers (Net Sales)

household-deposit-balances-iconGIA: -£0.9 billion
household-savings-ratio-iconPension: £0.8 billion
household-deposit-balances-iconISA: -£0.6 billion
household-deposit-balances-iconBond: £0.1 billion

Firms

household-deposit-balances-iconNumber of firms with £1 million 
in net sales or more:
839

Investment Type (Net Sales)

Model-Portfolio-SolutionsModel Portfolio Solutions (MPS): £1.8 billion
Unitised-multi-asset-fundsUnitised multi-asset funds (ex. MPS): -£0.6 billion
Single-strategy-fundsSingle strategy funds (ex. MPS) -£1.8 billion

Funds* (Net Sales)

household-deposit-balances-iconActive: -£1.8 billion
household-savings-ratio-iconPassive: £0.7 billion

Ten Best Selling IA Sectors by Net Sales 

UnclassifiedUK Gilts
GlobalNorth American Smaller Companies
Sterling Corporate BondTechnology & Technology Innovations
Volatility ManagedGlobal Corporate Bond
North AmericaGlobal Emerging Markets

Three Best Selling Fund Managers by Net Sales

  1. HSBC Global Asset Management
  2. BlackRock Investment Management
  3. Smith & Pinching

*Excluding unitised multi-asset funds


Commentary by ISS Market Intelligence

By: Benjamin Reed-Hurwitz, CFA, Associate Director, ISS Market Intelligence

Share this
Get WEEKLY email ALERTS ON THE LATEST ISS INSIGHTS.