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Article: Fidelity is leading fund sales league by nearly [pounds sterling]100. (News).(second quarter results)(Brief Article)(Statistical Data Included)
- Article from:
- Money Marketing
- Article date:
- September 5, 2002
- Author:
CopyrightCOPYRIGHT 2002 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fidelity's total net retail sales outstripped its nearest competitor by almost [pounds sterling]100m in the second quarter of the year, according to a confidential report only available to fund managers.
The Fund Sales Report, seen by Money Marketing, shows that Fidelity's sales hit [pounds sterling]426m in the second quarter while nearest rival HSBC--which recently lost its top-performing UK and European fund management team--took in [pounds sterling]333.5m.
Third was Legal & General with sales of [pounds sterling]261m--helped by its high-street distribution links with firms such as Barclays and Alliance & Leicester--while New Star's continuing success ...