LONDON (20 November 2024) – After an upbeat Q2 driven by a positive ISA season, net sales turned negative in the third quarter with retail investors driving the downturn.
Only 38 percent of the U.K.’s largest fund groups saw net retail sales of onshore funds improve during the quarter. This is according to data from the Pridham Report by ISS Market Intelligence (ISS MI), which monitors sales and asset trends in the U.K. fund market using data supplied by over 45 of the largest fund groups operating in the U.K.
According to Benjamin Reed-Hurwitz, EMEA Research leader at ISS MI and lead author of the report, the data is reflective of uncertainty amongst investors potentially reaching a boiling point just as the September portfolio rebalancing period arrived.
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About ISS Market Intelligence
ISS Market Intelligence (MI) is a leading provider of data, insights, and market engagement solutions to the global financial services industry. ISS MI empowers asset and wealth management firms, insurance companies, distributors, service providers, and technology firms to assess their target markets, identify and analyse the best opportunities within those markets, and execute on comprehensive go-to-market initiatives to grow their business. Clients benefit from our increasingly connected global platform that leverages a combination of proprietary data, powerful analytics, timely and relevant insights, in-depth research, as well as an extensive suite of industry-leading media brands that deliver unmatched market connectivity through news and editorial content, events, training, ratings, and awards.
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Georgia Reveley
Vice President, Marketing
press@issmarketintelligence.com
Pridham Report: Q3 Disappoints After Strong ISA Season
LONDON (20 November 2024) – After an upbeat Q2 driven by a positive ISA season, net sales turned negative in the third quarter with retail investors driving the downturn.
Only 38 percent of the U.K.’s largest fund groups saw net retail sales of onshore funds improve during the quarter. This is according to data from the Pridham Report by ISS Market Intelligence (ISS MI), which monitors sales and asset trends in the U.K. fund market using data supplied by over 45 of the largest fund groups operating in the U.K.
According to Benjamin Reed-Hurwitz, EMEA Research leader at ISS MI and lead author of the report, the data is reflective of uncertainty amongst investors potentially reaching a boiling point just as the September portfolio rebalancing period arrived.
Read More
###
About ISS Market Intelligence
ISS Market Intelligence (MI) is a leading provider of data, insights, and market engagement solutions to the global financial services industry. ISS MI empowers asset and wealth management firms, insurance companies, distributors, service providers, and technology firms to assess their target markets, identify and analyse the best opportunities within those markets, and execute on comprehensive go-to-market initiatives to grow their business. Clients benefit from our increasingly connected global platform that leverages a combination of proprietary data, powerful analytics, timely and relevant insights, in-depth research, as well as an extensive suite of industry-leading media brands that deliver unmatched market connectivity through news and editorial content, events, training, ratings, and awards.
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Georgia Reveley
Vice President, Marketing
press@issmarketintelligence.com
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