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Pridham Report: Nearly two thirds of UK's largest fund groups record weaker net retail sales in Q3
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The report, compiled by ISS Market Intelligence (ISS MI), found the downturn in quarterly figures was driven by retail investors following a strong ISA season. Benjamin Reed-Hurwitz, EMEA research leader at ISS MI, said the figures showed that uncertainty among investors is potentially hitting a «boiling point» just as the September portfolio rebalancing arrived. The weaker figures came in mostly in September, when a series of factors including volatile US equities, the unpredictability of the American election and fears over the contents of the UK Autumn Budget at the time were loo...
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